Daily Reports

Butter prices fall ahead of bearish cold storage report

Class III prices traded light volume, failing to reach the 1k mark in volume yesterday, as just 850 trades occurred and prices were lower across the board from July 2011 all the way out to June 2012. FULL STORY »

Stable spot prices tug on futures

Class III finished mostly higher Tuesday on a quiet, but stable, spot cheese market and perhaps a slight recognition of firmer outside markets. The reality is that we’re beginning the five-week pricing period for July milk, and though the spot cheese price is at historically demand debilitating levels, traders find it difficult to sell into a steeply discounted market. FULL STORY »

Block cheese closes at $2.13 on the CME

Another 1k+ trading session brought with it price increases to the Class III market. With the still substantial price discount in place vs. the spot pricing, futures need to see spot tumble in order for futures declines. FULL STORY »

May milk production a non-event for dairy trade

USDA’s milk production report was released last Friday for the month of May 2011. In our opinion, the report was neutral. Milk production was up 1.5 percent in the top 23 dairy states and 1.3 percent across all 50 states, the second consecutive month increase of less than 2 percent but slightly above our estimate for a 1.0 percent gain. FULL STORY »

Class III recovers losses; CME spot markets stable

To the confusion of many, spot cheese prices continue to hold at current levels and even push higher. The futures have built in a steep discount and an inverted curve already pricing in and guessing when a decline will occur. FULL STORY »

Class III firms on stable cheese markets

Class III prices firmed modestly during Tuesday’s session as prices reluctantly reconcile with continued stability in the CME spot cheese markets. FULL STORY »

CME spot prices supported, but mostly quiet Monday

Class III activity was moderate Monday with 767 contracts traded. While prices started off the morning mostly lower, Class III futures from June through October jumped after spot session which saw blocks hold steady at 2.11, while barrels were bid up ¼ cent. FULL STORY »

Market worry seems to be waning

Class III activity was very light Friday to end an active week. With just a lone offer in the blocks, and the spot markets each closing unchanged, futures seemed to lack much of a direction. FULL STORY »

Cheese shaking loose at CME?

Yesterday’s trading activity felt very light despite a total of 1,195 trades. The fact that July accounted for nearly half of the total volume with 490 trades likely accounts for that feeling of a quiet trade. FULL STORY »

Spot market buoyed Class III on Wednesday

With the newly arrived sharp discount between the spot and futures markets, Class III contracts opened slightly higher yesterday and traded steady to 25 higher into the spot session. When both blocks and barrels moved up on bids alone futures seemingly had little choice but to follow along. The rally once again suffered from a softer butter market but futures were still able to post gains of 10 to 45 cents through the 2011 months as volume was once again strong with 1,706 contracts traded. FULL STORY »

Class III futures fall

Class III futures fell precipitously Tuesday amid dwindling confidence that CME spot cheese prices will maintain their lofty perch for a protracted period of time. After opening mixed, light selling pressure pushed 2011 prices slightly lower ahead of the CME spot session. FULL STORY »

Prev 11 12 13 14 15 16 17 18 19 20 Next

HT Dye Marker

Harvest Tec’s bale marker identifies high moisture areas of square bales by spraying a food-grade red dye on the ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Leads to Insight