Commentary

2014 turning to fourth quarter

Like a football game, 2014’s dairy year will ultimately be judged by its fourth quarter. Right now, dairy farmers have the lead and the ball, but swirling winds could be a factor. FULL STORY »

Dairy markets: Full steam ahead

Class III futures saw another day of double-digit gains and new highs, as spot barrels set a new all-time high and blocks continued to rally. “New day and new high” seems to be the mantra in butter. FULL STORY »

Tuesday’s CME Dairy Market Recap

Cheddar barrels set a new record high in the spot market Tuesday, fueling another rally in Class III futures. FULL STORY »

DHM Numbers: CWT export sales; dairy replacement auctions

Cooperatives Working Together (CWT) accepted 12 requests for export assistance to sell 692,252 lbs. of cheddar and Gouda cheese and 1.422 million lbs. of whole milk powder FULL STORY »

Dairy markets: Class III slingshots higher

Don’t expect the dust to be settled for long; a strong lead-off performance quite frequently sets the tone for the balance of the week and translates into volatile pricing action. FULL STORY »

Monday's CME Dairy Market Recap

Bidder activity in the spot cheese market fueled a mid-day rally in Class III futures. The butter market proved that it may hold at $3.00/lb. a bit longer. FULL STORY »

Dairy markets: Last week in review

The 4Q Class III 2014 pack finished at $21.16/cwt., 28¢ higher on the week, but 2015 Class III futures were mostly lower. Butter spot prices climbed to the $3.00/lb. mark. FULL STORY »

Friday's CME Dairy Market Recap

The Class III market was highly volatile again on Friday as Oct – Dec contracts settled 16 to 57 cents higher, but 2015 contracts continued to move lower. FULL STORY »

Dairy markets: Spot markets steady, but futures continue slide

The spot cheese market has been relatively quiet as of late, and the spot butter price was again stable. Class III futures finished lower across the board. FULL STORY »

Thursday’s CME Dairy Market Recap

Silence in the spot cheese market provided Class III and cheese futures with even more uncertainty Thursday. Class III futures settled 4¢-19¢ lower Oct 2014 – Dec 2015. FULL STORY »

WASDE: 2014 milk production outlook raised

USDA’s Sept. 11 World Ag Supply & Demand Estimates report raised 2014 milk production projections on the strength of more output per cow, but left estimates for 2015 unchanged. FULL STORY »

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