Commentary

DHM Numbers: CWT assists with export sales

Cooperatives Working Together (CWT) accepted five requests for export assistance to sell 277,782 lbs. of cheddar cheese and 1.587 million lbs. of whole milk powder (WMP) to customers in Asia, the Middle East, North Africa and South America. FULL STORY »

Milk production outlook raised; price projections change little

USDA’s Aug. 12 World Ag Supply & Demand Estimates report raised 2014 and 2015 milk production estimates, as lower feed costs are expected to support higher output per cow. FULL STORY »

Corn, soybean production estimates raised; more alfalfa, too

USDA released its latest Crop Production report, Aug. 12, and while larger corn and soybean crop estimates will get most of the attention, dry alfalfa hay production is also projected higher. FULL STORY »

Dairy markets: Crop Production, WASDE updates due today

Market bulls found inspiration from the spot cheese session, as barrels expanded the price advantage over blocks to 4.5 cents. FULL STORY »

Monday's CME Dairy Market Recap

It was quiet, but Class III futures pushed higher through the end of the year following another supportive spot cheese market. FULL STORY »

Corn prices hinge on consumption prospects

The typical corn price pattern in a large crop year is for cash prices to reach a low near harvest, and then to increase modestly as the marketing year progresses. Such a pattern is dependent on corn consumption increasing in response to low prices. Early indications are for such a pattern to unfold this year. FULL STORY »

Dean: Unprecedented challenges

Dean Foods Company announced weaker second quarter 2014 financial results – and took the unique step of pulling back on any longer-term financial forecasts. FULL STORY »

Dairy markets: Last week in review

It was an up-and-down week for Class III futures, as a busy week of reports and spot cheese movement pulled the market in all kinds of directions. FULL STORY »

Friday's CME Dairy Market Recap

Front month Class III contracts traded lower Friday as Sept – Dec contracts settled 8 to 22 cents lower. Futures were mixed in 2015, settling between 5 cents lower and 10 cents higher with no particular trends. FULL STORY »

DHM Numbers: California Class 1 prices up; May fluid sales not

California’s September Class 1 price for the North is $25.39/cwt., with the South price at $25.66/cwt. May 2014 packaged fluid milk sales totaled 4.20 billion lbs., down 3.5% from the year before. FULL STORY »

Dairy markets: Last year, in reverse

Both cheese and Class III futures markets saw prices rally in nearby months, but fall in back months. FULL STORY »

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