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Replacement, cull cow prices remain strong

While the outlook for U.S. milk prices is bearish, quarterly average prices paid for replacement dairy cows maintained strength in July. And, estimated June 2015 cull cow prices averaged $113.00/cwt., down just $1.00/cwt. from May.

Markets

Dairy markets: Cheese finding its ‘happy place’?

Class III and Cheese extended its rally yesterday, gaining nearly 30¢ in the nearby August contract. While the tone was firm going into spot, futures rallied sharply after blocks and barrels posted strong gains.

Markets

Dairy markets: Last week in review

After all the Class III futures price movement, the August contract settled at $16.28/cwt., up 34¢ on the week, despite Friday’s sharp losses. The 1H 2016 Class III pack stabilized last week, and now seems in a comfort zone.

Markets

Dairy markets: Cheese, butter prices bounce

Class III and Cheese futures shrugged off an arguably bearish Cold Storage report and turned higher. As if in some alternative universe, butter prices rallied yesterday. August butter was limit-up, with the deferred contracts not far behind.

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