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Dairy Margin Watch: July shows improvement

Dairy margins strengthened during the second half of July, thanks to a sharp selloff in corn combined with mixed milk prices, according to the latest CIH Margin Watch report from Commodity & Ingredient Hedging, LLC.


Dairy markets: Greek yogurt growth slowing

The Greek yogurt boom has slowed down, with growth in 2015 flat vs. 2014. According to USDA’s Dairy Products report, Greek yogurt has been growing at a steady 3-4% pace over the past few years.


Dairy markets: Entering August with questions

On one hand, the bearishness which has clawed away at the market for the better part of 2015 remains present from both a global scale and a domestic perspective. On the other hand, the last Milk Production report came in lower than expected, and likely served as a warning shot across the bow.


Dairy markets: Spot cheese, butter move higher

It was another higher day for spot markets, as cheddar blocks pushed up 4.5¢ and barrels rallied 2¢. Tightness in the marketplace has caused quite the stir in the spot markets, and many are wondering where the sellers went?


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.


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.


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