Menu

Dairy Herd Management Dairy Herd Management

Click here for navigation menu

Search form

Markets

Markets

U.S. petroleum product exports reach record high in 2014

EIA’s December Petroleum Supply Monthly data show that exports of noncrude petroleum products from the United States averaged 3.8 million barrels per day (bbl/d) in 2014, an increase of 347,000 bbl/d from 2013, and a new record high. Increased exports of motor gasoline and hydrocarbon gas liquids (HGL), including propane and butane, were the main contributors to the trend, while exports of distillate decreased.

News

How will closing the trading pits affect market performance?

CME Group's recent announcement regarding the scheduled July 2 closing of most futures trading pits has triggered a range of reactions. News stories have covered related issues such as displaced floor traders and the effect on membership or "seat" prices, but there has been little discussion about the impact of these closings on the performance of the agricultural futures markets used by farmdoc daily readers. This article examines three questions of interest to market participants.

Markets

Gasoline prices still rising

The average price for gasoline across the U.S. is now $2.36. Prices rose 10 cents over the last week to start March with the highest prices the U.S. has seen in a month and a half.

News

Dairy Markets: Inventory will lead the way

Class III and Cheese futures markets continued to erode some of last week’s price gains Tuesday on stability of pricing in both spot pricing and the latest GDT auction.  The spot block cheese price has maintained $1.5450 since February 20.  The GDT price index rose by 1.1% overall after gaining nearly 20% during the past two events.  Granted, the price of cheddar on the auction led the way higher gaining 10.8% to $3,377/ton or $1.5318.  But overall, it appears as though the recent boost to GDT price index has absorbed and acknowledged the dry weather concerns for the time being.  A GDT pri

News

Dairy Markets: Running from bears, or just a short retreat?

The Class III futures market took an unchanged spot session as decidedly bearish yesterday and retraced a large chunk of Friday’s gains, largely keeping the trading range of the past month intact with a “wax on-wax off” temperament and again raising the question of whether or not the trade is just coiling in consolidation mode, or if bearish headwinds will begin to work prices lower?

Markets

Dairy markets: Markets end February stronger

Class III futures finished February on a bullish note, with the March-December contracts surging between 9¢-38¢ higher. The 2Q 2015 futures pack average gained 33¢ Friday to close out the month at $16.31/cwt., posting a week-over-week gain of 56¢ and increasing 63¢ from the end of January.

Markets

DHM Markets: Friday recap, Feb. 27

January cull cow prices slightly lower

Estimated U.S. January 2015 cull cow prices (beef and dairy combined) averaged $112.00/cwt., according to the USDA/NASS Ag Prices report. The average is down $3.00/cwt. from December’s revised estimate, but $23.70/cwt. more than January 2014. It is the lowest monthly average since June 2014.

 

Welcome

to our redesigned homepage!

Scroll Down for more stories

Feedback Form
Leads to Insight