The KDM Dairy Report 6/18/2021
6/18/2021 Big swings in the grains over lower exports and wetter cooler forecasts. Not a lot of movement in class 3, but down ward pressure is building as more cheese is available for the spot […]
6/18/2021 Big swings in the grains over lower exports and wetter cooler forecasts. Not a lot of movement in class 3, but down ward pressure is building as more cheese is available for the spot […]
6/6/2021 Exports pick up but domestic demand looses steam. This week there was a noticeable increase in exports with prices continuing to drop. Domestic demand is trending down as retail demand has lowered in some […]
6/6/2021 The buyers are back but will they push the spot price high enough to meet the futures prices? At the end of this week there were multiple bids in both blocks and barrels. This […]
5/22/2021 Have not found a bottom yet. With an attempted rally early in the week, class 3 futures end lower for the week. Strong production and weaker retail demand has loosened cheese up and the […]
5/22/2021 After a week of giving up ground on class 3 is there another rally instore? If we rewind two weeks most predictions were for higher going into this summer with at pull back in […]
5/15/2021 Another roller coaster of a week with a good move higher in the NDPSR, which put class 3 pricing at 1911. That and a good push higher on cash on Wednesday push futures to […]
5/7/2021 There was quite a roller coaster this week with $20 class 3 price just in reach by mid week. The weekly updates remained strong but Thursday cash started to sell off with futures following […]
5/2/2021 Strong demand has been the underlying theme this week. With restaurants reporting strong demand and retail still having good sales, the class 3 market is pushing $20. Spot Market Recap Milk Production Cheese operations […]
4/17/2021 March milk production up 2.0 percent and March natural cheese stocks up 2 percent from last month and 7 percent from last year. Those are some big numbers for the amount of strength we […]
4/17/2021 Food box is dead will it matter? Strong food service demand and better than expected exports have pushed this market up without government demand. The question now is can that demand hold at higher […]