Commentary

Dunn: June dairy outlook

Penn State University’s measure of income over feed costs (IOFC) fell slightly in May, but remains very high, according to the latest Dairy Outlook report from economist Jim Dunn. FULL STORY »

Cropp: June Dairy Situation and Outlook

Several factors indicate a slow decline in milk prices. The Class III price may not fall below $20/cwt, until October or November, ending the year around $18.75/cwt. It now looks like the Class III price could average over $21/cwt. for the year, compared to $17.99/cwt. last year. FULL STORY »

DHM Numbers: Cow culling continues slide

Today's post covers weekly and monthly dairy cow culling, weekly California milk powder prices, and the economics of ethanol FULL STORY »

Thursday’s CME Dairy Market recap

As the CME spot cheese market approached, the tables turned and Class III futures retreated back down close to previous day settlements. FULL STORY »

Wednesday's CME Dairy Market recap

Wednesday’s Class III market was choppy at best. July–December’s contracts traded anywhere from 14 cents lower to 11 cents higher. FULL STORY »

DHM Numbers: July Class I base price higher

Today's highlights include the July FMMO Class I base price announcement, weekly dairy product prices, higher ethanol production, replacement auction summaries. FULL STORY »

May milk production up 1.4%

Market analysts viewed the report as bearish for milk prices. FULL STORY »

USDA outlook: Favorable price-cost ratio to fuel 2015 expansion

Continued improvements in the relationship between milk prices and feed costs are expected to support expansion of the U.S. dairy herd in 2015. FULL STORY »

Dairy markets: Class III futures break upward

If no one has issued a “small craft advisory” for the Class III futures market yet, someone should. FULL STORY »

Tuesday’s CME Dairy Market Recap

Tuesday was a very good day to be a dairy farmer. FULL STORY »

Dairy Margin Watch: June margins advance

Dairy margins continued to advance over the first half of June, supported by a combination of higher milk prices and lower corn and meal costs. FULL STORY »

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