The KDM Dairy Report 08/30/2019
08/30/2019 The spot block/barrel average hit a new multi-year high of $1.83/lb this week, with blocks also trading into a multi-year high of $1.93. But it was barrels with the stronger gain on the week, […]
08/30/2019 The spot block/barrel average hit a new multi-year high of $1.83/lb this week, with blocks also trading into a multi-year high of $1.93. But it was barrels with the stronger gain on the week, […]
08/23/2019 Block cheese set a new multi-year high of $1.91/lb on Tuesday, before backing off and finishing the week unchanged. Barrel cheese and butter went into free-fall, however, giving up a dime and 11¼¢ respectively. […]
08/16/2019 Dairy spot prices all settled higher on the week, with the block/barrel average setting a new multi-year high at $1.82/lb. We haven’t seen an average cheese price that high since November, 2016. Barrel and […]
08/09/2019 Spot cheese swung back to the positive this week, with blocks settling at a price not seen since Nov 2016. Barrels lagged behind, keeping the spread wide and the block/barrel average at $1.79. Spot […]
08/02/2019 Spot cheese gave up some ground this week, settling at an average $1.76/lb. Blocks seem somewhat well supported with underlying bids in most sessions and just 3 trades, but barrel offers helped widen the […]
07/26/2019 Considering it was a “data heavy” week with several important reports released, from a trading perspective, it was quiet, with lighter volume in spot and most dairy futures little changed when the dust settled […]
07/19/2019 Class III and cheese futures ignored the weekly decline in spot block and barrel prices, finishing solidly higher. Dry whey also continued to carve out a bottom and was higher in both spot and […]
07/12/2019 With the exception of butter, all spot Class III components finished lower this week. The block/barrel spread continued to narrow, reaching 4½¢, its tightest since early May. Offers appeared to have the advantage this […]
07/05/2019 In a holiday-shortened week, spot cheese gave up a penny to bring the block/barrel average to $1.81/lb. Cheese futures, on the other hand, bucked the trend and finished the week solidly higher. Spot Market […]
06/28/2019 Block cheese, barrel cheese and butter all made new multi-year highs in this week’s spot market. The block/barrel average settled at $1.82/lb, finally breaking above prior resistance near $1.78. The next level of resistance […]