Know Your Market

Dairy trading experts offer strategies to optimize market performance.

Latest Stories
Class III milk saw November futures rise 14 cents to $17.50/cwt.
Butter stocks shrank to 289 million pounds, down 40.3 million pounds from July.
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.
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.