Commentary

Dairy markets: Spot cheese plummets

Class III markets got off to a stronger start on the heels of Wednesday’s bullish Cold Storage report, but the Cheese spot market brought a big turnaround. Spot butter (-9¢) exacerbated the losses. FULL STORY »

Thursday’s CME Dairy Market Recap

A down day in the spot market shook-up milk futures Thursday causing a massive sell-off in the front months. Nov – Mar contracts settled 11 to 73 cents lower. FULL STORY »

DHM Numbers: Cow culling slips 12% behind last year

Despite record-high beef prices, the number of U.S. dairy cows culled for slaughter under federal inspection fell further behind last year, according to USDA’s monthly Livestock Slaughter report. FULL STORY »

Dairy markets: Spot butter dips below $2/lb.

Class III futures opened slightly lower and traded quietly before rallying into a better spot cheese market. FULL STORY »

Wednesday's CME Dairy Market Recap

The dairy complex was very quiet on Wednesday. Class III futures shrugged off the rise in the spot cheese market by settling mixed in the fourth quarter and slightly lower in the first half of 2015. FULL STORY »

DHM Numbers: Dairy CPI mostly higher in September

Monthly dairy CPI, weekly US and California dairy product prices, ethanol/corn use and regional dairy replacement auction reports are summarized. FULL STORY »

November Class I base lower; Cold Storage report mixed

The November 2014 FMMO Class I base milk price is $24.06/cwt. USDA’s September Cold Storage report contained mixed news. FULL STORY »

Dairy markets: Block-barrel price spread a new record

Class III futures absorbed the reported 4% increase in milk production with relative ease yesterday, closing mixed. On the spot market, Barrel cheese declined, widening the spread with Blocks to 29.25¢, a new record. FULL STORY »

Tuesday’s CME Dairy Market Recap

Tuesday was a tightly bound trading day in Class III futures. Contracts settled slightly lower in the first half of 2015. FULL STORY »

‘Protecting Your Profits’, MPP-Dairy conference calls scheduled

The Center for Dairy Excellence will host the next “Protecting Your Profits” conference call on Oct. 29. Special MPP-Dairy webinar/conference calls are planned on Nov. 12, 13, 19 and 20 FULL STORY »

Dairy markets: 2015 Class III futures get a small boost

1H 2015 Class III futures contracts got a much-needed boost, gaining 12¢ on the day to settle at $17.40/cwt. for the pack. FULL STORY »

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