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Milk, Dairy and Grain Market Commentary
Milk production growth in the U.S. sputtered at the end of 2023, leaving the full year result nearly unchanged from the year prior. After...
Jan 26, 20244 min read


Milk, Dairy and Grain Market Commentary
Most Americans are irate about an unwelcome invasion across our unprotected border. I’m talking, of course, about the blast of cold air...
Jan 19, 20243 min read


Milk, Dairy and Grain Market Commentary
The dairy trade is feeling around for the bottom in the cheese market. Cheese output remains robust, but low prices have finally...
Jan 12, 20244 min read


Milk, Dairy and Grain Market Commentary
The new year has officially begun. But as Auld Lang Syne faded into the background, the dairy markets were unsettled in the first...
Jan 5, 20244 min read


Milk, Dairy and Grain Market Commentary
There was a decided lack of Christmas cheer in the Class III markets this week. The January through April contracts scored...
Dec 22, 20234 min read


Milk, Dairy and Grain Market Commentary
Ink ran red on LaSalle Street this week. January Class III futures dipped below the $16 mark, a level signaling plenty of red ink on...
Dec 15, 20234 min read


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...
Dec 8, 20234 min read


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...
Dec 2, 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 17, 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 10, 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...
Nov 3, 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 27, 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 20, 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 13, 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...
Oct 6, 20234 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 29, 20233 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 22, 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 15, 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 8, 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.
Sep 1, 20234 min read
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