Posts containing the KDM Dairy Report
01/03/2020 A second holiday-shortened week saw cheese prices continue to bounce off recent lows, but Class III futures continued to retreat. However, we begin 2020 with a Class III average of $17.33/cwt, which, if it […]
12/20/2019 Spot cheese prices regained some footing this week after the prior couple week’s massive sell-off. While barrels ended the week lower, blocks were higher, and trade volume picked up significantly for barrels as value […]
12/13/2019 That “thud” you heard this week was the price of barrel cheese as it plunged 53¼¢. Blocks had no choice but to follow as bidders were completely outgunned by offers. The combined move shared […]
12/06/2019 It’s not often you see spot dairy components put in new multi-year lows and highs int he same week, but that’s exactly what happened this first full week after Thanksgiving break. Spot butter fell […]
11/22/2019 Trade volume in this week’s spot market was much quieter than in weeks past, perhaps as Thanksgiving approaches. Nonetheless, cheese prices continued to give up some ground, while NDM and dry whey traded higher. […]
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 […]