09/25/2020 The spot markets went through a turbulent week as follow-through buying after last week’s enthusiasm didn’t materialize and a harsh sell-off ensued, only to be greeted by a new government solicitation Thursday afternoon, causing […]
09/18/2020 Blocks went ballistic this week as news of a government solicitation for 48.4 million lbs of process cheese on Thursday was followed by news that a 3rd round of the Food Box program would […]
09/11/2020 Block cheese found support this week as government food programs gave buyers confidence to bid for physical product, but barrel cheese couldn’t gain any traction off the news and went the other direction. Their […]
09/04/2020 Another week, another headline, another major move in spot markets, this time to the upside. There is plenty of cheese in the country, but when the government issued real Section 32 solicitations for cheese […]
08/28/2020 Spot cheese prices look like they may have bottomed out as they bounced back to levels about equal to two weeks ago. Just when most fundamentals were pointing more bearish, the government announced on […]
08/21/2020 Butter/powder continued to gain on cheese in this week’s spot market as both blocks and barrels failed to gain any traction. Barrels especially felt week, settling at lows not seen since May. Volume was […]
08/14/2020 After bottoming out at $1.51 block/barrel average on Tuesday, bottom pickers finally started hitting spot blocks, lifting the average to $1.66 by the end of the week. Most of the work was done with […]
08/07/2020 Apparently the spot market does not like roller coaster rides. Having gotten nauseous vaulting from a 17-year low in blocks to a new record high in 45 days, this week it continued to projectile […]
07/31/2020 Losses in spot cheese accelerated this week as buyers made only feeble attempts to stem the momentum lower. The record spread between the block and barrel price has been corrected, with blocks actually at […]
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, […]