The KDM Dairy Report 07/24/2020
07/24/2020 Block cheese suffered more losses this week, but it was a more ordered affair than last week’s sudden crash. Barrels managed to finish the week in the green along with butter and dry whey, […]
07/24/2020 Block cheese suffered more losses this week, but it was a more ordered affair than last week’s sudden crash. Barrels managed to finish the week in the green along with butter and dry whey, […]
07/17/2020 Just to prove it could be done, block cheese set a new record high of $3.00/lb on Monday, but it was all downhill after that. Buyers stepped occasionally to pick up a few loads, […]
07/10/2020 Records were made to be broken, and spot block cheese did that with gusto this week, jumping 24¢ to set a new all-time record high. Sellers were willing to part with product all the […]
07/02/2020 A new government Section 32 bid for 17 million lbs of cheddar cheese seemed to give block buyers enough confidence to begin buying again after last week’s sell-off. At these elevated spot prices, more […]
06/26/2020 What a wild week! Spot blocks set a new all-time high of $2.81/lb on Tuesday, only to be followed by a 23¢ drop on Wednesday. Meanwhile, barrels kept their cool and began closing the […]
06/19/2020 After declining 2¢ on Monday, spot blocks held steady until ripping 15¢ higher on Friday to set a new all–time high record settlement of $2.65/lb. Trading was light for both blocks and barrels as […]
06/12/2020 Spot cheese prices saw their first weekly decline since mid-April, and sellers were quick to pounce. Class III futures experienced fairly heavy selling Aug-Dec as hedgers grabbed more coverage. Spot NDM was the sole […]
06/05/2020 What a wild couple weeks it has been! Block cheese traded from a 13-year low to a new all-time record high in the span of 45 trading days. Unprecedented! Spot cheese continued it’s rampage […]
05/22/2020 The price of block cheese in the spot market has nearly doubled in 30 days. On April 21st, blocks closed at $1.00¾/lb, but since then has skyrocketed 93¢ to this week’s close of $1.93¾/lb. […]
05/15/2020 Houston, we have lift off! The spot block/barrel average just made its largest one-week gain in history (as far as we can tell!), and the result was some equally historic volatility. Though bidders were […]