Commentary

May FMMO Class III/IV prices lower

Today's post highlights May FMMO prices, USDA’s April Dairy Products report, daily CME and weekly USDA product prices, dairy replacement auctions and more FULL STORY »

Dairy markets: Crop conditions pressure grains lower

The Class III July to December 2014 pack average lost 10¢ to settle at $19.88/cwt. The July contract took the largest loss, closing at $20.40/cwt., down 38¢. FULL STORY »

Dairy margins end May stronger

Dairy margins strengthened since the middle of May, due to a combination of steady to higher milk prices while corn continued to decline FULL STORY »

Dairy markets: Where do we go from here?

The July through December 2014 Class III pack is currently trading at $19.95/cwt., off its May high of $20.30/cwt. set only a week ago. So, where do we go from here? FULL STORY »

California Class 4 prices move lower

The Class 4b price is $2.39 lower than a month earlier, at $19.34/cwt., but $2.14 more than May 2013. The January-May 2014 average is $20.94/cwt., $4.86 more than the same period a year ago. FULL STORY »

Milk prices start to decline

USDA’s preliminary estimate of the May U.S. all-milk price, at $24.70/cwt., was down 60¢ from April, and the first month-to-month decline since July 2013. FULL STORY »

Dairy markets: A weaker week for cheese

Nearby Class III and cheese futures continued their downward slide. The current spot cheese price average is $1.94/lb. – nearly a dime lower than the start of this holiday-shortened week. FULL STORY »

DHM Numbers: Dairy export estimate raised

Today's post reviews USDA’s quarterly Ag Trade Outlook report, daily and weekly product prices, dairy replacement auctions in Pennsylvania and Idaho, and more FULL STORY »

Dairy markets: What goes up must come down

There is not much cutting around the situation: Yesterday’s cheese activity and resulting Class III and cheese futures trade is bearish. FULL STORY »

Cheese tumbles, but butter still rising

Today's post reviews CME product prices, weekly California NFDM sales, dairy replacement auctions in Kentucky and Missouri, and more FULL STORY »

Cottonseed: Output projections up, but prices to remain strong

For the first time in three years, U.S. cotton acreage is expected to increase. While the anticipated boost in cottonseed supplies would suggest more attractive cottonseed prices for dairy producers this fall, experts are mixed on where end-of-season prices could land. FULL STORY »

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