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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


Lots of Water; No Place to Put It
An enormous amount of water is flowing out of the Delta into the ocean. The two pumping plants that export water to the California...
Apr 28, 20232 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


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...
Apr 7, 20234 min read


Our Time to Shine
The illustrated map below was part of a presentation given by state officials this week to bring attention to the tremendous...
Mar 31, 20232 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 31, 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 24, 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 17, 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 10, 20234 min read


DWR Makes Initial SGMA Determinations
Eight and a half years after the passage of the Sustainable Groundwater Management Act, the California Department of Water Resources...
Mar 4, 20233 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...
Mar 3, 20234 min read


Good News on the Water Front
Last week we reported that Governor Newson had issued an Emergency Order that paved the way for the State Water Board to...
Feb 24, 20232 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 24, 20234 min read


Complicated, but Significant Positive News on the Water Front
With the imminent threat of losing hundreds of thousands of acre-feet of stored water to the ocean, Governor Newsom on Monday issued...
Feb 17, 20233 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.
Feb 17, 20234 min read


Milk, Dairy and Grain Market Commentary
Milk is abundant and trading at steep discounts in the cheese states. For the seventh straight week, cheesemakers in the Upper...
Feb 10, 20234 min read


Milk, Dairy and Grain Market Commentary
The dairy markets have digested a lot of bad news over the past few months. A renewed focus on economic and demographic slowdown in...
Feb 3, 20234 min read


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...
Jan 27, 20234 min read
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