Commentary

Dairy markets: Last week in review

The June Dairy Products Report, released last Friday, was bullish for the cheese and butter markets, while bearish for the NFDM and dry whey. Drought conditions in California continue to provide some bullish fodder to the markets. FULL STORY »

DHM Numbers: California Class 4; June dairy products

California's July Class 4b price is $2.91 less than the comparable federal order Class III milk price. FULL STORY »

Friday's CME Dairy Market Recap

After seeing a strong buying presence in the spot cheese market Friday, Class III futures rallied across the board. FULL STORY »

Dairy markets: Another Class III reverrsal

Class III futures prices reversed course and edged modestly higher yesterday. Stronger dry whey futures along with firming spot cheese prices underpinned the strength. FULL STORY »

Thursday’s CME Dairy Market Recap

Class III futures bounced back Thursday receiving support from a bullish day in dry whey futures. Class III contracts settled 3 to 16 cents higher through July of 2015. FULL STORY »

DHM Numbers: Milk-feed price ratio improves

Higher monthly average milk prices combined with lower feed prices, improving the preliminary July 2014 milk-feed price ratio. FULL STORY »

Dairy markets: Class III futures erode

Class III futures prices eroded yesterday, with August and September contracts seeing the steepest declines. The 2015 pack continues to hover near $18.00/cwt. FULL STORY »

Wednesday's CME Dairy Market Recap

The market turned from bullish to bearish Wednesday as Class III futures sold off through the end of the year. The August contract settled at $21.38/cwt. (DOWN 0.24). FULL STORY »

DHM Numbers: July Class III/IV prices higher

Federal order Class III & IV milk prices increased in July, according to the monthly price announcement from USDA's Ag Marketing Service. FULL STORY »

Dairy markets: Class III futures lag global downturn

Put another notch in the belt of the Class III bull, as it continues to show swagger regardless of popular consensus or what the international market has to say about it. FULL STORY »

U.S dairy cow numbers up, but replacement heifer numbers lower

There are expectations of continued moderate U.S. dairy herd expansion this year into 2015. However, U.S. dairy farmers will have to do it with fewer available replacement heifers. FULL STORY »

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