Dairy Markets Continue to Be At Risk

Dairy markets continue to be in peril.
Dairy markets continue to be in peril.
(Farm Journal)

Dairy markets continue to be in peril. On the CME Dairy Spot Call, the block-barrel spread shrunk some more as barrels came down over 3 cents while blocks were the same. Blocks and barrels now sit at $1.33 vs $1.35, respectively. Dry whey ticked down another cent down to $0.2325. July Class III fell 28 cents to $14.07. In Class IV, Butter was the same at $2.44 as Nonfat ticked up a quarter cent to $1.12/lb. August Class IV scooted up 11 cents to $17.70. 

Grain markets have been on the run down due to timely Mid-Western rains. December corn tumbled downward 8 cents, settling to $5.2850. November Soybeans were basically flat from yesterday, finishing at $12.6575. December Soy oil dropped 61 cents per pound as December Meal gained a couple of dollars up to $380.50. July Wheat slipped two pennies to $6.5300. 

Cattle markets were green while lean hogs were in the red. June Live Cattle went up 17.5 cents/cwt to $181.250. August Feeder Cattle added a couple of dollars to $242.375. The forward curve is strong with May '24 Feeders settling to $252.100. July and August Lean Hogs were up just over a dollar while the remainder of the curve lost on average 30 cents/cwt. Crude was almost flat at $69.81/barrel.

Tags

Butter Cheese Dairy - General Milk - General Milk Prices
 

Latest News

Business
Seven Common Threads of Top-Producing Herds
Seven Common Threads of Top-Producing Herds

What are the common characteristics of top-producing herds that best the competition?

Maureen Hanson
Policy
APHIS To Require Electronic Animal ID for Certain Cattle and Bison
APHIS To Require Electronic Animal ID for Certain Cattle and Bison

APHIS issued its final rule on animal ID that has been in place since 2013, switching from solely visual tags to tags that are both electronically and visually readable for certain classes of cattle moving interstate.

Greg Henderson
Education
What Should You Financially Consider Before Investing in Technology?
What Should You Financially Consider Before Investing in Technology?

With financial challenges facing dairy farms, Curtis Gerrits with Compeer Financial, says it is essential for producers to evaluate how these technology investments impact their farm’s overall financial position.

Karen Bohnert
Business
Fairlife Forms New Partnership with Olympic Gold Medalist Katie Ledecky
Fairlife Forms New Partnership with Olympic Gold Medalist Katie Ledecky

The Katie Ledecky partnership with fairlife's Core Power will leverage her authentic recovery moments to help educate and inspire athletes of all levels around the importance of post-workout recovery.

Taylor Leach
Education
Simple Breathing Exercises for Farmers to Help with Anxiety and Stress
Simple Breathing Exercises for Farmers to Help with Anxiety and Stress

More and more people in the dairy community are struggling because they are overworked or overstressed, have trouble concentrating, feel fatigued, have trouble sleeping, have more headaches and so many other symptoms. 

Karen Bohnert
Education
Properly Prepared Beef Remains Safe; Meat Institute Calls For Guidance to Protect Workers at Beef Facilities
Properly Prepared Beef Remains Safe; Meat Institute Calls For Guidance to Protect Workers at Beef Facilities

The Meat Institute said properly prepared beef remains safe to eat and called for USDA and the CDC to provide worker safety guidance specific to beef processors to ensure workers are protected from infection.

North American Meat Institute
View More