MARKETS
Reported cattle prices continue to post new highs — making us all wonder how the market can get any better than it currently is.
The CME spot butter market continues to steal the attention as prices dropped another few cents. Can this market break $2?
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.
Secretary of Agriculture Brooke Rollins kicked off the 2025 Top Producer Summit on Tuesday morning, detailing her plan to advocate for trade. ‘We want to find market access for all our products,’ Rollins said.
Some economists think agriculture is in a recession. Arlan Suderman, chief commodities economist for StoneX, is one of them. However, he believes comparisons to the 1980s are misguided.
Crop conditions across the country remain exemplary with 68% of the current corn crop rated good-to-excellent, a slight improvement from last week’s 67%.
The grain market took a tumble with September corn falling back below $4.
USDA pegged U.S. milk production at 18.8 billion pounds in June. That was down 1.0% versus 2023, a bigger drop than anticipated.
Spot cheese prices started the week off with an increase. Crop conditions are holding relatively steady through the dog days of summer.
Milk is long. Demand for cheese and butter is strong. Where does the market go from here?
