Latest News From Markets

It seems as if the dairy industry has taken HPAI in stride. Price fluctuations have been the result of buyers of the physical commodity on the CME daily spot market doing normal business.

Green returned to milk markets Friday as we finish the week on a strong note in a highly volatile 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.

So far, HPAI has not had an impact on milk futures or the underlying cash prices. However, HPAI has not had an impact on milk futures or the underlying cash prices.

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

Southwest plant expansions will likely draw milk from distant regions

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. 

Depooling, new cheese production capacity, lower component prices all take toll on income.

The large decline in cow numbers and reduced milk production turned traders bullish, but that was short-lived. Will higher milk prices be delayed once again?

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.

There is great optimism that butter prices will be higher than cheese prices this year.

While the calendar flipped to 2024 weeks ago, there has been little change in dairy market sentiment since the beginning of this year. Globally, the industry continues to walk a tightrope of limited ‘new’ milk.

Class IV markets continue to be supported globally.

Recently, the USDA lowered its milk production forecast for 2024 due to lower expected output per cow, which is partly offset by higher cow inventories.

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. 

Producers want to know: “Why is milk production remaining high even with lower milk prices and farms going out of business?”

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

2024 should be a good year for U.S. cheese exporters.

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.

The hope is that depressed milk prices will be short lived. However, without a significant increase in demand or tighter milk supply or both, low prices may be with us for a longer duration.

Just how low will milk prices go? Slower exports, weaker demand and global inflation have all been an anchor on the potential for higher dairy product prices. Will we finally start to see some relief in 2024?

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.

In its December World Ag Supply and Demand Estimates (WASDE) report, the USDA once again lowered its milk production and price forecasts for 2023.

Dairy markets on Monday put forth a relatively uneventful trade.

With sufficient supply and much of the holiday buying being finished, there is little reason for buyers to be aggressive. The usual slower demand period is just around the corner.

Demand for high-protein whey products appear to be lifting the whey complex.

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. 

Lower milk production was forecasted for both 2023 and 2024. What could that spell for dairy prices?

Price movement in butter over the past 2 1/2 months has been a sight to behold.

Time is running out for a historical seasonal price increase for cheese.

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.

Dairy farmers have recently turned their focus to the higher cheese and butter prices seen in the market. At the same time, dry whey prices have also silently moved higher, supporting Class III milk prices.

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.

While the all-milk price for 2023 and 2024 saw a nice boost, Class III milk price futures continue to stumble. Will Class IV be dairy's biggest bright spot?

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

The holiday butter rally is underway, and it may even be a little early.

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

Butter and springer prices caught the dairy industry by surprise in late September.