Commentary

Second guessing USDA corn projections

USDA's World Ag Supply & Demand Estimates (WASDE) report released on May 9 contained updated projections for consumption of U.S. corn during the current marketing year and updated production and consumption projections for the 2014-15 marketing year. The favorite sport of market analysts is to second guess those projections. FULL STORY »

Dairy markets: In search of market news

Block and Barrel markets were silent during the spot session. Class III futures finished Monday’s session mixed, but mostly higher. FULL STORY »

DHM Markets/Marketers: Replacements, hay auctions recapped

Today’s post reviews last Friday's dairy replacement auction in Turlock, Calif., and recaps hay sales in the Upper Midwest. FULL STORY »

Dairy markets: Mostly bearish ending to last week

Class III futures closed out the week’s trade with a bearish performance. The May through December 2014 contracts pushed lower by 5¢ to 46¢. FULL STORY »

DHM Markets/Marketers: California Class 1 prices

The California Department of Food & Agriculture announced the June Class 1 price for the North at $25.10/cwt., with the South price at $5.37/cwt. Both are down 78¢ from May 2014, but are about $4.25 more than June 2013. FULL STORY »

WASDE: 2014 milk production forecast unchanged; 2015 higher

USDA’s 2014 milk production estimate is unchanged from last month, but 2015 milk production is forecast higher. FULL STORY »

Dairy markets: Midwest flush still not off the ground

Class III futures legged higher for a second day in a row, taking its cue from a stronger cash market. FULL STORY »

DHM Markets/Marketers: Weekly culling lowest of the year

Despite high beef prices, weekly dairy cow slaughter for the week ending April 26 fell to the lowest level of the year. FULL STORY »

Dairy markets: WASDE due tomorrow

An active spot session led to gains for Class III futures. FULL STORY »

March 2014 dairy export values blow past record

March exports were estimated at $725 million in March, the highest total in history. Exports of U.S. dairy replacement cattle and feedstuffs were also higher. FULL STORY »

DHM Markets/Marketers: Pennsylvania IOFC shrinks

Penn State University’s measure of income over feed costs (IOFC) dropped 2.2% in April, according to the latest Dairy Outlook report from economist Jim Dunn. FULL STORY »

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