Daily Reports

Spot stability has some dairy bears on edge

Perhaps the real test will be when schools let out soon and Class I demand eases seasonally. Perhaps it will be when an increased flow of European milk into cheese vats hits the market. Or maybe if spot prices continue to chop sideways between $1.45 and $1.55 for May, we will have seen the lows as some have suggested. FULL STORY »

Block cheese drops 4.5 cents on CME

Cheese futures managed just 150 trades in the face of the 4.5-cent drop in blocks and 1.5-cent drop in barrels. The spread between the two prices has narrowed to just four cents after lingering in the 10-cent range for some time. FULL STORY »

Dairy markets stabilize, technical bounce possible

Class III and cheese futures limped into the weekend on low volume and inched upward on lethargic volume yesterday as well. While the futures markets are poised to the downside, the fact that we’ve spent the past two days consolidating from last Thursday’s dramatic decline tells us that the preponderance of bearish news is already baked into prices. FULL STORY »

Dairy markets plummet as emotions run high

Technical selling gripped the Class III and cheese futures markets Thursday as the brief short-covering respite faded and the downward trend resumed along with heavier volumes. FULL STORY »

Class III and cheese retreat on ho-hum spot cheese trade

As the ADPI and USDEC meetings have finished up, the dairy complex sentiment is, in large part, bearish. The cold winds in dairy, however, are juxtaposed by U.S. factory activity, which grew in April at the strongest rate in 10 months. FULL STORY »

Quiet day at the CME for dairy markets

The Class III market fell nearly silent yesterday as the ADPI conference got under way in Chicago, drawing many from our industry from behind their desks and the markets in general. FULL STORY »

Block cheese up slightly to $1.535 on the CME

The market seemed to lack a definitive direction as most dairy markets finished the week with mixed results. The Class III market, along with most of the products, has been under unrelenting selling pressure recently as the fundamental outlook for the complex remains negatively based. FULL STORY »

Block cheese closes up slightly at $1.5275 on CME

Thursday was a somewhat subdued trade for Class III as volume clocked in at just above 800 contracts on minor price declines with a significant open interest increase yet again. FULL STORY »

Markets tremble on news of BSE in California cow

Mad cow may not be a joking matter, but the impact to the market is madness, or at least has been historically. You have likely heard by now of the report that a cow was found in California with mad cow disease. Markets sell off on the news of mad cow and then tend to rebound after nothing happens. FULL STORY »

Class III futures plummet on sales of block cheese

Class III opened weak, and an active spot session with sell side aggressiveness only furthered the price declines. FULL STORY »

Dairy markets mixed to lower to start the week

Class III futures came roaring back from a pre-spot slump to power most months higher last Friday, but June and July closed lower leading the price changes for all months. FULL STORY »

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