The KDM Dairy Report 11/15/2019
11/15/2019 Spot cheese prices continued to retrace from recent highs this week, with blocks reaching a level not seen since late August. NDM on the other hand pushed in to new multi-year highs, butter perked […]
Posts containing the KDM Dairy Report
11/15/2019 Spot cheese prices continued to retrace from recent highs this week, with blocks reaching a level not seen since late August. NDM on the other hand pushed in to new multi-year highs, butter perked […]
11/08/2019 Cheese sellers finally made their presence known, particularly in the block market, which in turn put pressure on barrels. After peaking at $2.39/lb on Wed, barrels gave up ground the rest of the week. […]
11/01/2019 Both barrel cheese and NDM made new multi-year highs this week as the bull market continued to power higher. Scarcity of barrels resulted in a gain of 7½¢ for the week with no trades. […]
10/25/2019 Spot barrels ripped 25¢ higher on just nine loads trading, leaving it at its highest price since August, 2014. Blocks gained 15½¢ to help put the block/barrel average at a new multi-year high of […]
10/18/2019 Spot Grade A NDM continued to march into new multi-year highs this week, reaching a level not seen since Nov 2014, but sellers took control of spot cheese, pushing blocks back below $2.00/lb. Dry […]
10/11/2019 Barrel cheese was the star this week, gaining 23¼¢ and settling above $2/lb for the first time in 5 years. Block cheese was solidly higher as well, putting the block/barrel average at $2.06/lb and […]
10/04/2019 A record-breaking 80 loads of dry whey traded in this week’s spot market as the demand picture has weakened. Inventories are starting to build and the continuing spread of African Swine fever to other […]
09/27/2019 Barrel cheese managed to finish the week unchanged, but blocks gave up another 8¼¢. Buyers were really no where to be seen until Friday, when both blocks and barrels managed to claw back some […]
09/20/2019 After pushing in to new highs on Monday, the spot market began to give up some ground on Tuesday, before completely falling apart on Wednesday and Thursday. Friday’s spot session saw the return of […]
09/13/2019 Wow! Is the dust settled yet? Spot cheese ripped higher this week, slicing through the $2 barrier like a buzzsaw, without so much as a glance back. The block barrel average now sits at […]