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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.

Markets

Average diesel retail price falls below gasoline for first time in six years

On July 13, the U.S. average diesel fuel retail price fell below the average regular gasoline retail price for the first time since the week of August 10, 2009 (Figure 1). From August 2009 through June of this year, retail diesel fuel prices sold at an average premium of 34 cents per gallon (gal) over regular grade gasoline, with the premium reaching more than 90 cents/gal in January.

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