The KDM Dairy Report 05/17/2019
05/17/2019 Class III futures ripped higher on Friday, fueled by aggressive block and barrel buying in the spot market. Also helping the week end in the green was a significant rebound in dry whey futures. […]
Posts containing the KDM Dairy Report
05/17/2019 Class III futures ripped higher on Friday, fueled by aggressive block and barrel buying in the spot market. Also helping the week end in the green was a significant rebound in dry whey futures. […]
05/10/2019 Spot cheese prices finished the week at $1.69 block/barrel average, finally breaking through the resistance level we’ve been highlighting the last few weeks, and a level not seen since November 2017. Spot Market Recap […]
05/03/2019 This week it was block buyers that caused the fireworks, as buyers picked up 22 of 25 loads on Friday. While overall cheese stocks are still heavy, young cheese, aged under 30 days, and […]
04/26/2019 Barrel buyers came back after the Easter holiday and pushed the spot price to a new high for the year. At $1.63/lb, barrels haven’t been this high since last September. NDM came within a […]
04/18/2019 In a holiday-shortened week, spot blocks managed to keep moving higher, but the aggressive barrel buyers from last week disappeared, allowing sellers to steadily offer loads lower. When the dust settled, barrels gave up […]
04/12/2019 Barrel buyers purchased 19 loads Mon-Thur, then bought another 20 loads on Friday. The aggressive bidding closed the block/barrel spread to just 2¾¢. Spot Market Recap Spot Product 4/5 4/12 Change Cheddar Blocks $1.6600 […]
04/05/2019 Block cheese gained a little while barrels lost a little in this week’s spot market, leaving the block/barrel average unchanged from a week ago at $1.62/lb. So, while we weren’t able to retest the […]
03/29/2019 Spot cheese traded in to new highs for the year, though blocks finished off its peak of $1.73 on Wednesday. Blocks haven’t been that high since last October. The block/barrel average has convincingly broken […]
03/22/2019 Futures Recap Futures Month Class III 03/15 Class III 03/22 Change Cheese 03/15 Cheese 03/22 Change Dry Whey 03/15 Dry Whey 03/22 Change Mar-19 $14.94 $15.03 $0.09 $1.533 $1.540 $0.007 40.025¢ 40.900¢ 0.875¢ Apr-19 […]
03/15/2019 Futures Recap Futures Month Class III 03/08 Class III 03/15 Change Cheese 03/08 Cheese 03/15 Change Dry Whey 03/08 Dry Whey 03/15 Change Mar-19 $14.97 $14.94 ($0.03) $1.531 $1.533 $0.002 40.700¢ 40.025¢ (0.675¢) Apr-19 […]