Daily Reports

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 »

Class III and butter futures edge higher amid quiet spot

Class III opened lower Monday on follow-through selling from Friday and a palpable anticipation of further spot price declines. But after Friday’s precipitous fall for spot cheese prices, Monday was a dud. FULL STORY »

Cheese market: 10 days of gains gone in 10 minutes

The spot market had an incredible day on Friday, waking up after a quiet week, trading down 16 ½ in the barrels with 11 trades and down 14 in the blocks, with no trades. This was dramatic action, with obvious excess product needing to be moved. And while the one day losses were staggering, they were not necessarily unexpected. FULL STORY »

Quiet spot markets lead to a choppy trade

Another in a strong of sessions in which volume and open interest increased on the way down, following subdued volume and open interest decreases during a previous higher price trading session. Class III traded mostly lower Thursday on heavy trading volume. FULL STORY »

Spot cheese gains on CME

Class III continued its climb higher yesterday, building on Tuesday’s gains. The price increases picked up momentum after the spot session and fly in the face of the fundamental outlook for the complex. FULL STORY »

Dairy buoyant in face of bearish news

Class III prices once again traded to the downside ahead of the spot market today; however, the GDT prices falling sharply on cheddar and the milk production report helped to encourage the movement. Softer dry whey prices also had a hand in the weakness early, but then came the much-anticipated spot market on the heels of a strong milk production report. FULL STORY »

Block cheese unchanged at $1.5825 on CME

Class III futures were lower on Sunday night and losses of 10 to 20 cents held right up until the spot session yesterday. When the barrels gained a penny and blocks closed unchanged with a bid, futures prices rebounded, led by April. FULL STORY »

Prev 1 2 3 4 5 6 7 8 9 10 Next

Kuhn SR 100 GII SpeedRakes®

The best just got better with the Kuhn SR 100 GII SpeedRakes. Refined styling, higher strength materials and improved options ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Leads to Insight