Cheese
The big question that remains is how much of the holiday demand has already been accounted for and is that what’s eating into those inventories on top of record exports?
The latest milk production report, which revealed an upswing in milk production marking the strongest growth in four years, the dairy futures have responded in kind with a downturn
Across the board, Class III traded lower with the vast majority of the day’s volume focused in the September and October 2025 contracts.
While spot block prices experienced a marginal increase, giving a push to cheese futures, Class III prices didn’t fare as well.
Dairy markets opened the week on a stronger note, with cheese and butter prices rebounding and Class III and IV futures gaining momentum.
Six people have been arrested after a sophisticated scam last October tricked Neal’s Yard Dairy into handing over more than 24 tons of high-end cheddar, valued at around $390,000.
June dairy exports skyrocket, underscoring the escalating international demand for U.S. dairy products.
Despite softer spot cheese prices, tight milk supplies and steady demand continue to underpin market strength.
Cheese prices climbed to their highest level in nearly two months, while Class III futures and butter prices moved lower.
Spot cheese prices pushed higher, lifting September Class III, while butter losses brought Class III and IV prices closer to parity.
Consumer demand for protein drinks have soared over the last few years. Can the U.S. dairy industry capitalize on this growing opportunity and is it enough to help your milk check?
After a strong start to the week, the spot cheese market slowed, but Class III futures continued to climb, supported by bullish sentiment in feeder cattle and a brief dip in corn below $4.00
CME spot cheese prices climbed to their highest levels since mid-June, fueled by record U.S. export demand, though futures markets remained cautious.
Spot cheese prices surged to their highest levels since June, fueling a sharp rally in Class III futures as traders look ahead to the upcoming June trade data report.
The largest U.S. dairy cooperative has announced its acquisition of W&W Dairy, based in Monroe, Wis.
Cheese prices climbed above $1.70 for the first time in a month, lifting nearby Class III futures, while 2026 contracts slid to their lowest level since April.
Spot cheese remained steady in the $1.60s as Class III futures traded at a premium, with the August-September spread driving volume and signaling continued market positioning.
Rising cheese inventories pressured futures markets despite active spot trading, while butter prices and contracts continued to decline amid lackluster demand.
A bipartisan group of U.S. senators has reintroduced the DAIRY PRIDE Act of 2025, aiming to stop plant-based products from using dairy terms and require the FDA to enforce labeling standards that protect dairy farmers and prevent consumer confusion.
September Class III milk futures fell sharply despite heightened spot block trading activity, as broader dairy and grain markets showed mixed movement.
Butter futures surged Monday on a bullish Cold Storage report, lifting Class III prices despite volatile cheese markets and higher-than-expected inventories.
Butter prices rebounded on Friday following a bullish Cold Storage report, while cheese markets remained quiet with minimal spot activity and mixed Class III futures.
Aggressive selling hit Class III and butter futures following a bearish Milk Production report, as higher milk flows and weaker spot prices added pressure across the board.
U.S. milk production surged 3.3 percent in June, surpassing expectations and pressuring spot butter prices while 2025 futures climbed on strong export demand.
Butter and Class III futures softened while NDM attracted strong buying interest, setting the stage for potential market movement ahead of USDA’s June Milk Production report.
Despite recent declines in butter prices and mixed Class III futures, steady cheese volumes and strong seasonal demand suggest potential upside for dairy markets heading into late summer.
Cheese and powder markets show signs of strength, while butter continues to struggle heading into late summer.
Class III futures rebounded, led by August gains, as strong U.S. cheese prices begin to weigh on EU competitors.
Cheese and butter prices continued to decline, pulling Class III futures lower, while milk powder found support from stronger GDT auction results.
Spot cheese trading slowed sharply this week, leading to lower prices as August Class III futures moved down amid ongoing market adjustments.