Milk, Dairy and Grain Market Commentary
Cheese vats remain full, despite lower milk output. U.S. cheese production reached 1.19 billion pounds in October, up 0.8% from the...
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- Dec 2
- 4 min
Milk, Dairy and Grain Market Commentary
U.S. milk production slumped deeper into the red in October as poor margins and tight heifer supplies trimmed the dairy herd. Milk output...
- Nov 17
- 4 min
Milk, Dairy and Grain Market Commentary
The holiday season is upon us, but the dairy markets haven’t been feeling particularly festive. Nearly all products lost value over...
- Nov 10
- 4 min
Milk, Dairy and Grain Market Commentary
After more than a month in the stratosphere, the butter market plummeted back to earth. CME spot butter crash-landed today at $2.60...
- Nov 3
- 4 min
Milk, Dairy and Grain Market Commentary
There was a lot of red ink on LaSalle Street this week, and every product at the CME spot market finished lower. Most milk futures...
- Oct 27
- 4 min
Milk, Dairy and Grain Market Commentary
A poor showing at the Global Dairy Trade (GDT) Pulse auction spooked the milk powder markets this week and another month of...
- Oct 20
- 4 min
Milk, Dairy and Grain Market Commentary
USDA released its Milk Production report this week, indicating that national output contracted in September for the third month in a row.
- Oct 13
- 4 min
Milk, Dairy and Grain Market Commentary
Whether or not black cats or broken mirrors were involved, the butter market’s luck has changed dramatically. After repeatedly...
- Oct 6
- 4 min
Milk, Dairy and Grain Market Commentary
Like a mountaineer surveying Everest from K2, the butter market is exploring new heights. CME spot butter scaled a previously...
- Sep 29
- 3 min
Milk, Dairy and Grain Market Commentary
The U.S. butter market took off like a rocket. It soared 30ȼ this week and closed at $3.30 per pound, just shy of the all-time high...
- Sep 22
- 4 min
Milk, Dairy and Grain Market Commentary
Three-dollar butter is back. CME spot butter soared an astounding 28.25ȼ this week and closed right at the $3 mark. Exports are out of...
- Sep 15
- 4 min
Milk, Dairy and Grain Market Commentary
The Class III markets took a big step back this week. Cooler weather has boosted yields, providing a little more milk for cheese vats.
- Sep 8
- 4 min
Milk, Dairy and Grain Market Commentary
Higher temperatures fired up the dairy markets over the past few weeks, but now the mercury has fallen and so have cheese prices.
- Sep 1
- 4 min
Milk, Dairy and Grain Market Commentary
Cows in the Midwest got a brief break from the heat, but the mercury is going to climb once again over the holiday weekend.
- Aug 25
- 4 min
Milk, Dairy and Grain Market Commentary
U.S. milk output turned negative in July, as the heat took a terrible toll on milk yields. Milk output totaled 19.08 billion pounds last...
- Aug 18
- 3 min
Milk, Dairy and Grain Market Commentary
Milk powder prices plummeted at Tuesday’s Global Dairy Trade (GDT) auction. Whole milk powder (WMP) plunged 10.9% to a seven-year low.
- Aug 11
- 4 min
Milk, Dairy and Grain Market Commentary
A strange calm pervaded the dairy markets this week. Juxtaposed with the recent fireworks, the spot markets may have seemed downright...
- Aug 4
- 5 min
Milk, Dairy and Grain Market Commentary
Dairy producers are getting pummeled, and the bruises are starting to show. In California and the Southwest, where feed costs are...
- Jul 28
- 3 min
Milk, Dairy and Grain Market Commentary
The dairy markets are still feeling that summer sizzle. Cheese and butter prices both jumped once again this week. CME spot Cheddar...
- Jul 21
- 4 min
Milk, Dairy and Grain Market Commentary
Like the mercury in Phoenix, the dairy markets just kept climbing this week. The heat wave began in the most unlikely of places.
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