The KDM Dairy Report 08/28/2020
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 […]
08/28/2020 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, […]
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 […]