Category: Dairy Report

12/3/2023   The Cheese market has turned more negative in recent weeks as the holiday buying period has not produced a rally.  Overall cheese is relatively in balance.  Cold storage came down a little last […]

11/18/2023 The Cheese market lost more ground this week as December class 3 futures sunk back into the 16s.  Demand is on par with last year domestically but the economy is starting to show signs […]

11/11/2023 The cheese market is showing some cracks as demand is still behind supply.  Milk production is not increasing but cheese plant capacity is more then enough to overwhelm demand.  Exports have continued to struggle […]

11/4/2023 A little rebound in the price mid week with a sell off on Friday.  Good domestic demand a lack of exports and plenty of cheese production capacity has the market treading water in a […]

10/29/2023 Spot prices have held steady the last couple of week as October comes to a close.  The spot prices calculate out to a class 3 price of $17.12 and the last NDPSR comes in […]

10/16/2023 Another notch higher for whey this week as it makes its slow climb out of the basement.  Every penny higher in dry whey is 6 cent higher in class 3.  A little bit slower […]

10/7/2023 Pretty good volume on the CME this week led by dry whey with 55 trades.  With China on the sidelines for most of this year exports are off and there are more loads going […]

9/30/2023 More weakness in the spot market as loads traded 50 cents less than NDPSR.  October which is typically a strong month for Class 3, but this year that is getting turned on its head. […]

9/23/2023 Milk production was out this week.  It was down 0.6 which means the cows were dealing with the heat better than most people thought.  Also with the jump in price exports tapered off.  This […]

9/17/2023 Higher prices are starting to take a bite out of demand.  With the rest of the worlds dairy prices bellow the US.  Export demand has tapered off.  Still good exports to Mexico and steady […]