Latest News From Know Your Market

Third quarter Class III futures dropped to $18.02 per hundredweight, a 14-cent loss.

Friday's rally in cheese followed through on Monday to have Class III milk testing a limit move for a few minutes.

As we look forward to spring and come out of the Easter weekend, we see a bounce back in our CME spot trade.

A wild week in milk markets finished on a fizzle.

Class III Milk markets have been less than exciting.

Cheese continued its descent on Monday as cheddar blocks fell 2.50 cents and barrels were down 2.75 cents. Class III values also reacted in a weaker tone. 

Another weak Class III performance was experienced on Monday following last week's downturn in price.

Milk markets closed a very rough week in similar fashion on Friday.

Class IV markets continue to be supported globally.

Milk markets continue to widen the Class IV/III spread as Class IV holds over $20 for 2024 calendar and Class III milk bounces around.

Futures values ended up rallying 40 cents in the February contract while March and April were up 50+ cents.

Butter drove the dairy markets higher Thursday with the CME spot trade gaining 11 cents to finish at $2.68 3/4.

February Class III futures dropped to $15.68 per hundredweight, losing 21 cents. 

Spot product markets were mainly unchanged to start the week on Monday.

Class III and Class IV milk markets gave up some ground today. But how much?

As much of the U.S. digs out of snow and bitter cold weather, the milk markets were mixed and continue sideways.

Dairy markets continued their descent on Monday following another day of weak cheese performance on the CME spot dairy auction. 

CME product markets on Monday tilted to the negative side to kick off the week.

Dairy markets on Monday put forth a relatively uneventful trade.

Ahead of Monday afternoon’s USDA Milk Production report, Class III milk futures struggled once again. 

Class III milk futures took it on the chin Thursday and gave up early in the week gains. 

November Class III tumbled 20 cents downward to $17.63.

Dairy markets explode higher Wednesday as we had nearly every product see green on the CME spot trade.

Milk markets were mostly unchanged on Monday heading into the holiday season.

Class III milk was mixed with October down 9 cents to $16.84, and November up 11 to $17.41, and December down a penny to $17.59/cwt.

Wednesday markets may lull us to sleep. After a strong couples in butter, we have treaded water the last few sessions at current level.

Class III milk saw November futures rise 14 cents to $17.50/cwt. 

Monday markets were mixed as butter continues to find buyers at $3.30+ prices and cheese bounces.

Monday markets were mixed as butter continues to find buyers at $3.30+ prices and cheese bounces.

Butter stocks shrank to 289 million pounds, down 40.3 million pounds from July. 

Dairy markets were mixed today with barrel cheese leading the charge down.

Class III milk markets retreated on Monday prior to USDA's release of their August Milk Production report. 

Class III markets tumbled across the Q4 months and saw additional softness into 2024. 

Softness in the block cheese market put a damper on early strength in Class III on Friday. 

Dairy Markets enjoyed a positive today for Class III and a negative day for Class IV. 

September through December 2023 Class III milk futures ranged from 7-12 cents lower with the last four months of the year averaging around $18.50/cwt. 

A strong finish for Class III milk even though Cheese was sideways.

USDA cold storage completed a quiet but softer dairy trade day. 

CME futures prices rallied following USDA's report.  September closed 39 cents higher while October was up 22. 

Butter had 49 loads trading hands on the CME spot trade. Here's what that meant for dairy prices.

Class III milk prices retreated a bit as September 2023 milk lost 15 cents, October dropped 16 cents, November weakened 21, and December was off 13.

As we move into the end of summer and look ahead to cooler temperatures of fall, most of our commodities have settled in to a tight range.

Class III milk markets were able to return some of the value lost late last week. 

Class IV milk saw August fall 13 cents to $18.81/cwt, September fell 19 to $18.91, and October plummeted 39 cents to $18.95/cwt.

Dairy markets resumed their rally on Monday with Class III prices closing 40 cents stronger in the August and September months. 

After giving back some of last week's big gains in Class III Milk, prices bounced back on Friday.

Class III markets continue to be confused on which direction they want to go.

Class III milk continued its aggressive rally trading limit higher in August, September, October, and November

A limit move-up in September Class III milk came from the result of a bullish milk production report coupled with a second consecutive healthy cheese spot trade.

Class III Milk saw small moves lower.