Daily Reports

Dairy prices rebound on revisions in weekly data

The Class III market jumped back to life yesterday, as traders rattled off 1,340 trades in a mostly negative session ― along with the now long-standing trend of higher volume yielding lower prices. FULL STORY »

Dairy complex quiet, Class III volume low

The bombs are falling on the outside markets. The equities are under assault. Food prices in general have been under sell side pressure. And amidst all the action, the dairy complex as a whole has quieted down. FULL STORY »

Block cheese closes unchanged at $1.4875

Class III futures opened the week very quietly with mixed prices early, and they held throughout the day into settlement. The spot market was opened and closed with no activity to speak of. FULL STORY »

Spot cheese could take a lower path in coming days

What started out strong last Monday left the Class III futures market to finish out a shortened, pre-Easter week with a third day of futures losses. FULL STORY »

Class III under pre-Easter pressure

Yesterday’s sharp (record) drop in weekly whey prices only serves as another log on the bearish fire in a market that is flooded with milk. FULL STORY »

Class III hits headwind as spot remained stable Tuesday

Class III prices traded mixed throughout the session yesterday as volume picked up to over 1,500 contracts. Early in the session, prices worked their way higher ahead of the spot market. The spot market ticked up ¼ cent on the barrel and the blocks were unchanged. FULL STORY »

Dairy futures markets mostly higher to kick off April

Class III opened firm, weakened into spot and leapt to large gains later in the day ― all on pathetically low volume with almost all trading volume contained to the front three months and, in fact, 74 percent of the volume was contained to the front two months alone. FULL STORY »

Class III finishes March on a strong note

Class III prices surged higher, aided by the bullish grain reports released early Friday morning. Contracts settled from unchanged to 39 cents higher on 1,584 total trades, with a majority of the volume and gains contained within the April to July months. FULL STORY »

Butter futures plummet on spot weakness, Class III mixed

Spot market activity picked up yesterday as a total of four trades took place in the block and three in the barrels, with four bids remaining for the barrel at the close. Both markets closed unchanged and, while futures were lower by nearly 20 cents ahead of the spot session, the firm buying interest had us believing that futures would rebound toward unchanged; however, the butter market weakness kept the Class III market lower throughout the day. FULL STORY »

Supply/demand grapple, leaving dairy markets restless

We switched gears in Class III and cheese futures from low-volume price rises, high-volume price declines to just plain old low volume. As a result, the price changes are being exacerbated as we swing around somewhat range-bound. Ranges are broken, low volumes are the calm before the storm and, given the glut of milk we have around the world, we suspect the range will be broken to the downside when a big breakout comes. FULL STORY »

Dairy markets choppy, sideways and looking for direction

Class III kept with the negative trend in the nearby months as prices slid in the first half, while the second half of 2012 was able to muster some slight gains on a total of just 918 trades. The spot market was mostly quiet, but a ¼ cent drop in the block after a trade took place at unchanged left the market a bit softer. FULL STORY »

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