Butter Market News
Explore the latest butter production news from Dairy Herd Management. Covering butter export trends, CME price shifts, processing innovations, and dairy production strategies to help producers maximize milk component value. View the latest butter CME prices.
It was green across the board today in Chicago, with CME cheese rebounding and finishing strong.
Class III futures followed CME cheese prices higher. Q4 contracts prices lifted to $22.16 per hundredweight, up 28 cents.
CME cheese took a tumble today, with barrels dropping to $2.1250 per pound
Butter continued its post-Cold Storage climb, adding $0.0225 to reach a new year-to-date high of $3.1975 per pound.
After ending last week with a tumble, CME cheese markets began this week with a surge, thanks in large part to USDA’s bullish Cold Storage report.
CME cheese markets tumbled well off recent highs ahead of USDA’s July Cold Storage report.
Class III futures closed in the red, with Q4 settling at $21.23 per hundredweight, down 46 cents.
Butter and cheese prices break out of the trading ranges to reach prices not seen in a while. Fall and holiday demand has kicked into gear as buyers look to Fall and holiday demand.
Butter had the third-heaviest trade week in history, with 103 loads exchanged.
Spot butter trades reached a new record, with 51 loads changing hands – the heaviest single day since daily trading began in 2006.
After spending the last two days jumping to new year-to-date highs, CME cheese markets slowed their climb today.
It was green across the board today in Chicago, with the exception of whey.
Class III contracts continued to rebound along with spot cheese.
U.S. cheese exports slid off record highs in June to 86 million pounds.
Norma “Duffy” Lyon was more than okay with being known as the “The Butter Cow Lady.” Afterall, for nearly a half century, Lyon sculpted the butter cow and other creations at the Iowa State Fair.
Higher unemployment and slower hiring triggered fears of a U.S. recession and sent global markets sharply downward.
The grain market took a tumble with September corn falling back below $4.
USDA’s June Cold Storage report was neutral for butter but bullish for cheese.
Spot cheese prices started the week off with an increase. Crop conditions are holding relatively steady through the dog days of summer.
Kathleen Wolfley with Ever.Ag spoke on a recent ‘Protect Your Profits’ webinar where she outlined many valuable insights, including five things dairy producers need to not only know, but also continue to keep a watchful eye on.
Milk prices have been better than expected and could remain that way for a while. Lower American cheese production and strong exports should provide further support.
Both international demand for cheese and butter improved in April, moving exports significantly above a year ago. However, there may be no further DMC payments for the rest of the year. Here’s why.
Today’s stout April cheese export data offered a good reminder that competitive U.S. prices can help move the needle on exports.
Today’s GDT event was supportive, with increases in powders and cheese fueling further gains in Class III and IV futures.
In the ever-evolving marketplace, innovation remains at the forefront of progress. Betty Berning of HighGround Dairy recently joined AgriTalk to talk about dairy markets and shed light on some developments and trends.
Returning from the extended holiday weekend, dairy markets opened the week on a bearish note.
The USDA raised its milk production forecast for 2024 based on an increase in dairy cows and more rapid growth in output per cow.
Class III futures have made an impressive increase over the past month with the June contract increasing by over $4.00 per cwt. The last time we saw this movement in an actively traded contract was in the spring of 2020.
Rabobank believes slow but steady dairy commodity price gains will materialize in the second half of this year.
International demand needs to pick up before U.S. milk prices can increase significantly.