Milk, Dairy and Grain Market Commentary
U.S. milk output was not as strong as anticipated in December. Clocking in at 18.9 billion pounds, it was just 0.8% higher than...
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- Jan 20
- 4 min
Milk, Dairy and Grain Market Commentary
The bears were out in force this week, pressuring the dairy markets to new lows as supplies accumulated and global demand prospects dimmed.
- Jan 13
- 4 min
Milk, Dairy and Grain Market Commentary
The cheese markets came charging out of the gates on Monday. CME spot Cheddar blocks leapt 14.25ȼ, and barrels added a dime. The strong...
- Jan 7
- 4 min
Milk, Dairy and Grain Market Commentary
The holiday hangover hit hard this year. The cheese markets got off to a particularly rough start, with big losses both Tuesday...
- Dec 30, 2022
- 4 min
Milk, Dairy and Grain Market Commentary
In a year full of drama, the butter market was a sensation all its own. It began the year at a relatively lofty height, suffered a...
- Dec 16, 2022
- 3 min
Milk, Dairy and Grain Market Commentary
Like a sack of gifts down a chimney flue, the cheese markets landed with a thud. CME spot Cheddar blocks dropped 11.75ȼ to $1.9775 per...
- Dec 9, 2022
- 4 min
Milk, Dairy and Grain Market Commentary
The dairy markets are in transition. The factors that propelled milk prices above $25 per cwt. this summer – a sustained global milk...
- Dec 2, 2022
- 4 min
Milk, Dairy and Grain Market Commentary
As befits the season, the dairy markets had a lot to digest over the past two weeks. They headed into the Thanksgiving weekend with a...
- Nov 18, 2022
- 4 min
Milk, Dairy and Grain Market Commentary
After sprinting straight uphill last week, the dairy markets paused to catch their breath and, in some cases, to retreat to less...
- Nov 11, 2022
- 4 min
Milk, Dairy and Grain Market Commentary
The bulls are back in town. Class III milk futures leapt to their highest values in a month or more, and Class IV contracts staged...
- Nov 4, 2022
- 4 min
Milk, Dairy and Grain Market Commentary
Sky-high prices scared away buyers, and the CME spot butter market plummeted on Halloween, dropping below $3 per pound for the first...
- Oct 28, 2022
- 4 min
Milk, Dairy and Grain Market Commentary
Global milk output has been in decline for a full year, muffling anxieties about the impact of sky-high dairy prices and a strong...
- Oct 21, 2022
- 4 min
Milk, Dairy and Grain Market Commentary
U.S. dairy producers forged ahead in September, posting increases in milk production for the third consecutive month. Totaling...
- Oct 14, 2022
- 4 min
Milk, Dairy and Grain Market Commentary
Another sizzling inflation report from the Bureau of Labor Statistics suggests that U.S. consumers are feeling pinched from all sides...
- Oct 7, 2022
- 4 min
Milk, Dairy and Grain Market Commentary
The butter market has outdone itself once again. On Wednesday it climbed to $3.24 per pound, matching the all-time high set in September.
- Sep 30, 2022
- 4 min
Milk, Dairy and Grain Market Commentary
Football season is in full swing, and fans are enjoying their favorite game with a feast of queso and nachos. Demand for fresh...
- Sep 23, 2022
- 4 min
Milk, Dairy and Grain Market Commentary
U.S. milk output grew decisively last month, at least in comparison to the very low production reported in August 2021.
- Sep 16, 2022
- 4 min
Milk, Dairy and Grain Market Commentary
Butter conquered unexplored elevations this week, and it made the trek look easy. On Tuesday CME spot butter jumped 7ȼ to $3.24 per...
- Sep 9, 2022
- 4 min
Milk, Dairy and Grain Market Commentary
The butter market leapt to an all-time high Wednesday and just kept climbing. CME spot butter closed today at $3.17 per pound, up 6.5ȼ...
- Sep 2, 2022
- 3 min
Milk, Dairy and Grain Market Commentary
The bulls remain in charge in the butter pit. CME spot butter added another 1.75ȼ this week and reached $3.10 per pound, tied for the...
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