Commentary

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 »

Dairy markets: Spot butter hits 43-month high

Class III futures started off the holiday-shortened week with a bang, as prices rallied across the board. The nearby June and July contracts garnered the most interest, rallying 72¢ and 74¢, respectively. FULL STORY »

Homegrown feeds push milk COP higher

Today's numbers include weekly CWT export assistance bids, daily CME prices, monthly USDA milk production cost estimates, and more. FULL STORY »

DHM Markets/Marketers: May 27

Today's post recaps a dairy replacement auction in California and last Friday's CME, a looks ahead to this week. FULL STORY »

Dairy markets: Cheese, Class III futures rally

Market participants were seemingly caught off guard Thursday, as Class III rallied sharply after spot cheese reversed course and closed north of $2.00/lb. for the first time since May 12. FULL STORY »

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7080 Series Self-propelled Forage Harvesters

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