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Jun 30, 20234 min read
Milk, Dairy and Grain Market Commentary
The Class III complex came under significant pressure this week as the realities of current market conditions set in. In particular...

Jun 23, 20235 min read
Milk, Dairy and Grain Market Commentary
Milk gushed in the Midwest in May. Compared to the year before, output grew 6.2% in South Dakota, 2.6% in Iowa, 2.5% in Minnesota...

Jun 16, 20234 min read
Milk, Dairy and Grain Market Commentary
The long-awaited rains have disappointed so far. A weekend drizzle and sporadic showers over the past few days have not added up to...

Jun 9, 20234 min read
Milk, Dairy and Grain Market Commentary
Dairy producers are bracing themselves for a very small May milk check. The futures promise meager revenues for June and July as well.

Jun 2, 20234 min read
Milk, Dairy and Grain Market Commentary
There is simply too much cheese. USDA’s Dairy Market News reports that cheese production schedules are “steady to stronger” and, for...

May 26, 20234 min read
Milk, Dairy and Grain Market Commentary
The Class III markets have tumbled for nearly six months. But there are signs that they have finally reached the valley floor. CME spot...

May 19, 20233 min read
Milk, Dairy and Grain Market Commentary
The dairy markets dropped again, and whey led the way lower. CME spot whey powder fell 3.75ȼ to 26.5ȼ per pound. Spot whey has traded...

May 12, 20234 min read
Milk, Dairy and Grain Market Commentary
The bears prowled LaSalle Street this week, and the bulls were nowhere to be found. Spot dairy product values slumped, and milk futures...

May 5, 20234 min read
Milk, Dairy and Grain Market Commentary
After a long decline, the global milk powder market is tentatively on the mend. Both skim milk powder (SMP) and whole milk powder...

Apr 28, 20234 min read
Milk, Dairy and Grain Market Commentary
The feed markets tumbled once again this week. July corn futures notched their lowest price in nearly a year and closed today at $5.85...

Apr 21, 20234 min read
Milk, Dairy and Grain Market Commentary
Milk prices are woefully inadequate to cover today’s stubbornly high feed costs. With poor margins and rising beef values, dairy...

Apr 14, 20234 min read
Milk, Dairy and Grain Market Commentary
The dairy industry laments the loss of 18,000 cows at a dairy in the Texas panhandle, where an equipment fire spread quickly through...

Apr 7, 20234 min read
Milk, Dairy and Grain Market Commentary
While the Easter bunny was finalizing preparations for the weekend, the bears were out in force in the dairy markets. Over the holiday...

Mar 31, 20234 min read
Milk, Dairy and Grain Market Commentary
For the last few weeks, the Cheddar markets have seemingly defied the odds. Despite plentiful milk supplies and only lukewarm demand...

Mar 24, 20234 min read
Milk, Dairy and Grain Market Commentary
Despite significant challenges, milk production continues to grow in the United States. USDA published its monthly Milk Production...

Mar 17, 20234 min read
Milk, Dairy and Grain Market Commentary
The official start of spring is right around the corner and milk volumes are responding accordingly. Output is steady to higher in most...

Mar 10, 20234 min read
Milk, Dairy and Grain Market Commentary
The spring flush is just getting started, but the nation is already drowning in milk. Dairy processors in the Central region were able...

Mar 3, 20234 min read
Milk, Dairy and Grain Market Commentary
The dairy markets are reeling after a bruising week on LaSalle Street. March Class III milk eked out a 3ȼ gain, and November and...

Feb 24, 20234 min read
Milk, Dairy and Grain Market Commentary
Rested up after a long weekend, the cheese markets came charging out of the gates. CME spot Cheddar blocks leapt 8ȼ on Tuesday.

Feb 17, 20234 min read
Milk, Dairy and Grain Market Commentary
Activity at the spot market in Chicago was mixed this week as prices moved modestly up and down, testing new boundaries.
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