Commentary

DHM Numbers: August cost of production

Preliminary monthly total average dairy feed costs declined in August, pushing USDA’s estimated total milk production costs to their lowest average since March. FULL STORY »

DHM Numbers: Cow culling, dairy product prices

Despite record-high beef prices, the number of U.S. dairy cows culled for slaughter under federal inspection fell further behind last year. FULL STORY »

Dairy markets: October Class III hits $25/cwt.

Class III was stronger again yesterday, shrugging off continued block market price weakness. The October contract settled to a new all-time high of $25.00/cwt. FULL STORY »

DHM Numbers: CWT export sales; dairy replacement auctions

Cooperatives Working Together (CWT) accepted five requests for export assistance to sell 2.714 million lbs. of cheddar and Gouda cheese to customers in Asia and the Middle East. FULL STORY »

Dairy markets: Reassessing needs

Volatility was unquestionably present in Class III futures yesterday, as nearby contract values saw impressive swings prior to settling mixed. FULL STORY »

DHM Numbers; Cold storage, replacements

Despite slowing exports and increased milk production, strong domestic consumption helped reduce dairy product inventories in August. But, market analysts expected larger declines. FULL STORY »

Dairy markets: Last week in review

For the week, the October to December 2014 Class III pack average jumped a staggering $1.64/cwt.; the January to June 2015 pack finished at $17.81/cwt., up 15¢ from the prior week. FULL STORY »

Cropp: September Dairy Situation and Outlook

Average milk prices for 2014 will all be record highs, but signs point toward weakening late this year and into 2015. FULL STORY »

August milk production up 2.5%

Nationally, August 2014 milk production was estimated at 17.217 billion lbs., up 2.5% from August 2013, according to USDA’s monthly report. FULL STORY »

Friday's CME Dairy Market Recap

Friday morning’s spot cheese market saw new record highs in both cheddar blocks and barrels, but Class III futures countered by selling off Oct – Jun 2015. FULL STORY »

Dairy markets: The beat goes on for butter

Spot butter, now at $2.0375/lb., again gripped nearby futures. Class III futures started higher early Thursday, but buying became subdued after the spot cheese market opened and closed unchanged. FULL STORY »

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