Posts containing the KDM Dairy Report
03/13/2020 Covid-19 continued to dominate all markets as everything from stocks to commodities sold off. Block cheddar jumped 12¼¢ with fairly active bidding and just 4 trades as sellers were less willing to part with […]
03/06/2020 All it took was a relapse in spot barrels and ongoing coronavirus fears to drive futures lower, despite the other spot components all finishing the week higher. Trading was most active in NDM as […]
02/28/2020 Coronavirus panic had its way, with the stock market seeing its worst weekly loss since 2008. The “risk-off” mentality by investors spilled in to the commodity markets as well, with everything from crude oil […]
02/21/2020 The block/barrel spread continued to shrink this week as blocks gave in under selling pressure, while barrels managed a small gain, putting it at 17¾¢ premium to blocks. Volume was heaviest in butter as […]
02/14/2020 After peaking at an all-time record wide block/barrel spread of 46¢ last week, the market seemed determined to narrow it to a more reasonable number. And narrow it did, by nearly half, with the […]
02/07/2020 With the number of confirmed coronavirus cases tripling since last Fridaty and the death toll climbing, spot markets continued to drift lower in the beginning of the week. But block cheese eventually found a […]
01/31/2020 Following contra-seasonal gains last week, spot cheese was put back in its place as buyers retreated to the sidelines, allowing offers to walk prices lower all week. Just 3 loads of barrels exchanged hands […]
01/24/2020 Both blocks and barrels finished the week higher, as unusual, anti-seasonal buying behavior continued in the spot market. Some chinks in the rally may have appeared, however, as Friday’s settlement saw a decline from […]
01/17/2020 Barrel buyers pulled out their wallets this week, picking up 40 loads and raising the price 4¢, but blocks gained even more with only 2 loads exchanging, to widen the block/barrel spread to 40¢, […]
01/10/2020 Spot trade volume picked up in the first full week of trading since the week before Christmas. Barrels continued to be pressured, pushing the block/barrel spread to 34.75 cents premium to blocks. Not even […]