The KDM Dairy Report 06/19/2020
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 […]
06/19/2020 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 […]
05/08/2020 Spot barrel buyers came to play this week, taking on 50 loads and moving prices up 8¢. Block and butter bidders weren’t able to secure as much product, but pushed prices up a dime. […]
05/01/2020 Has spot cheese put in a bottom? After being basically flat the past couple weeks, both blocks and barrels finished solidly higher, though volume was quite light. Butter and dry whey managed to pick […]
04/24/2020 While still historically low, spot cheese prices managed to turn the rudder and finish the week with a small gain on very light volume. However, all other spot components gave up ground, with butter […]
04/17/2020 Spot cheese prices were held firmly in check near the $1 level this week, and both butter and NDM gave up further ground. However, spot dry whey has been making a steady climb as […]
04/09/2020 Gas can be bought for 99¢/gal in some parts of the country, and apparently cheese can too, with a load of barrels trading under $1/lb during Thursday’s spot session. The block/barrel average pushed in […]