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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.
The roller coaster continues in our commodity markets.
Cheese found some life the day after the second biggest volume day of Barrels traded on the CME.
July faltered 49 cents, August 45 cents, and September was down 37.
Summer milk prices continue to see a slump. Here’s where the markets landed today.
An abundance of whole and skim milk continues to be dumped in the Upper Midwest and Northeast regions.
Class III and IV milk markets failed to excite on Friday.
Dairy markets came to party today as positive price action for Cheddar on the GDT auction this morning helped boost an underperforming Spot Call Auction.
Milk markets bled into the weekend after failing to put together two days in a row of a positive move in Cheese.
Milk markets continue to lurk in the doldrum this week. Feed and grain prices also slid lower giving dairymen a breather on fall feed prices.
Friday was not a good day for dairy markets - the roller coaster of spot trade continued lower on the trade with Cheese struggling on large volume.
Dairy markets continue to dissapoint this week as the CME Dairy Spot Call continues to see offers with a lack of bids.
Butter and nonfat dry milk rose in value while both cheese contracts and whey fell.
The CME Spot Trade was flat to negative across all commodities. Grains are having a tough go of it after China ghosted the marketplace.