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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?

Markets

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.

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