KDM Trading Inc

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 […]

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 […]