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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 25, 20234 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 18, 20233 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 11, 20234 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...
Aug 4, 20235 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 28, 20233 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 21, 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 14, 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...
Jul 7, 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 30, 20234 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 23, 20235 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 16, 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 9, 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...
Jun 2, 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 26, 20234 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 19, 20233 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 12, 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...
May 5, 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 28, 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 21, 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 14, 20234 min read
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