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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.


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.



Natural gas prices continue to rise

Prices across most U.S. regions increased week-over-week.The largest increase in prices occurred in the Northeast, as continued cold temperatures and snow accumulation were setting records, particularly in the New England states. Prices were elevated at most trading hubs with the exception of the Midwest, where prices originally spiked on Wednesday last week and then moderated by the end of the report week.


DHM Numbers: Cull cows and replacements

Weekly dairy cull cow slaughter continues to outpace year-ago levels and, while it’s still early in the year, is now ahead of year-to-date totals for 2012, when more than 3 million dairy cull cows were sold for beef. Texas, Kentucky and Pennsylvania dairy replacement auctions are summarized.


Dairy markets: A matter of buoyancy

Follow-through buying started Wednesday in both Class III and Cheese futures markets, but that dynamic seems to be running out of steam, as early gains yesterday could not keep pace and the market settled back down to finish mixed.


Dairy markets: A Class III bounce-back day

Class III and Cheese futures markets bounced yesterday after three consecutive days lower. Settlements for Class III were anywhere from 4¢ to 29¢ higher yesterday, as 2H 2015 futures surged back near last week’s highs.


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