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Nov 17, 20234 min read
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, 20234 min read
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, 20234 min read
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, 20234 min read
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, 20234 min read
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, 20234 min read
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, 20234 min read
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, 20233 min read
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, 20234 min read
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, 20234 min read
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, 20234 min read
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, 20234 min read
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, 20234 min read
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, 20233 min read
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, 20234 min read
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, 20235 min read
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, 20233 min read
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, 20234 min read
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.

Jul 14, 20234 min read
Milk, Dairy and Grain Market Commentary
The dairy markets bounced off the bottom this week, hinting that prices may have finally fallen far enough to stimulate demand.

Jul 7, 20234 min read
Milk, Dairy and Grain Market Commentary
There were plenty of fireworks in the dairy markets during the holiday shortened week. Dairy commodity prices continue to flounder under...
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