Dairy markets: Class III futures, butter push higher
We don’t foresee a major price correction taking hold of the Class III, cheese or butter markets today, but in the coming weeks these lofty prices should begin eroding. FULL STORY »
Tuesday’s CME Dairy Market Recap
Tuesday gave us a glimpse of the upside potential the Class III may have if cheese prices hold at their current levels. The supply-short butter market continues to shoot higher. FULL STORY »
DHM Numbers: CWT export sales; dairy replacement auctions
Cooperatives Working Together (CWT) accepted 8 requests for export assistance to sell 1.210 million lbs. of cheddar and Gouda cheese and 11.255 million lbs. of whole milk powder FULL STORY »
Dairy markets: Butter blasts to near $3/lb.
We suspect a cliff isn't so far off, but not here just yet. We think butter needs to break first, and 30-45 days after that cheese will follow. FULL STORY »