Markets
Products across the board were neutral to modestly higher Tuesday in the CME Cash Dairy Product Trade.
Policy analysts agree direct payments at 2020 levels are unlikely to continue under the Biden Administration.
Class III milk futures soared to follow up Friday’s USDA solicitation announcement purchases on both butter and fluid milk.
Class III milk started the day higher, buy lost steam into the end of trading.
Whey and Butter find a spark to support Class III milk and drive Class IV higher following a positive Global Dairy Trade.
It has been a difficult year for marketing especially in light of the large negative Producer Price Differentials making it hard to know exactly what you are protecting. Some strategies work better than others.
A stronger CME spot dairy product trade was met with a lower Class III trade on Wednesday but slightly higher Class IV trade.
Dairy markets quietly slid lower after a mixed CME spot trade.
Enrollment for the Dairy Margin Coverage (DMC) program closes Friday, December 11, 2020.
Class III milk prices traded 40 cents stronger on Friday in December and reached back up to $16.00/cwt.
With this holiday season looking to be a little different than normal, fewer holiday get-togethers are expected to bring down the demand for one of dairy’s most popular products.
The USDA October milk production report released this week shows U.S. milk production reached nearly 18.6 billion pounds, up 2.3% from 2019.
Over the last several months there has been a large uptick in home baking and cooking, which has caused butter consumption to rise tremendously.
Enrollment for Dairy Margin Coverage program for 2021 ends Friday, Dec. 11, 2020.
The Wisconsin Milk Marketing Board has a new name: Dairy Farmers of Wisconsin.
After three years of discussions, the largest producer of milk in the country is finally joining the Federal Milk Order.
The value data can provide to you can only be recognized when it is put to use to evaluate your farm operation and make decisions based on those insights. Fortunately, that is possible today.
The Farm Journal Field Days agenda has been designed to address the biggest issues and challenges facing the agricultural industry right now.
Wild price swings and new record highs have been dominated market activity during the first half of the year.
CME block cheddar prices have been setting new record highs all month, driven primarily by tight supplies of fresh cheese.
Economists predict extreme volatility in the next few months.
Breed selection, genetic composition of dairy herds, feeding practices and so on are potential influences of component trends.
As we ring in 2020, I think it’s important to take a look back over the past 10 years and to look forward to the next 10.
The Southeast Uniform milk price for December was $19.04, down $0.03 from November and $0.74 lower than December 2016.
With more milk predicted for 2019, dumping excess milk may increase, too.
As hauling costs increase, producers consider hauling their own milk.
AgriTalk After The Bell Host Chip Flory talks with Mike North of Commodity Risk Management Group. Newsman Davis Michaelsen keeps you up to date on markets!