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Strong domestic demand for cheese, butter

Monday, November 12, 2018 10:40 AM

The Agriculture Department announced the October Federal order Class III benchmark milk price at $15.53 per hundredweight (cwt.), down 56 cents from September, $1.16 below October 2017, and equates to $1.34 per gallon, down from $1.38 in September and $1.44 a year ago.

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Cheese market tones are bearish in Midwest

Monday, October 29, 2018 9:51 AM

Increases in milkfat limited the losses in the Oct. 16 Global Dairy Trade auction (GDT) where the weighted average of products offered slipped 0.3 percent, following the 1.9 percent descent Oct. 2 and 1.3 percent on Sept. 18, but it was the fifth consecutive decline. Sellers brought 92.5 million pounds to sell, down slightly from the last event.

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USCMA confirmed but China trade war continues

Monday, October 15, 2018 9:59 AM

This week’s Global Dairy Trade auction was overshadowed by the 11th hour announcement the last day of September that the U.S. and Canada reached an agreement, keeping the North American Free Trade Agreement (NAFTA) a three-country agreement.

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Corn yields expected to be second highest on record

Monday, September 24, 2018 10:35 AM

The Agriculture Department lowered its 2018 milk production estimate in the latest World Agricultural Supply and Demand Estimates report (WASDE), due to slightly lower milk cow numbers and a slower rate of growth in milk per cow in the third quarter, but raised its 2019 estimate on slightly higher cow inventories.

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A little optimism with Class III price

Monday, September 10, 2018 10:02 AM

Media reports were abundant Monday regarding the U.S. and Mexico reaching agreement on a re-tooled North American Free Trade Agreement.

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American cheese demand up 1.4 percent

Monday, August 27, 2018 12:54 PM

The bulls were fed the week of Aug. 13. Barrel cheese marched higher, commercial dairy product disappearance looked solid, the U.S. and Mexico appeared to be coming together in their trade spat, and even China’s commerce ministry stated that its commerce vice-minister had been invited by the U.S. to discuss economic and trade issues.

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Pizza cheesemakers gearing up for heavier sales

Monday, August 13, 2018 10:26 AM

The Agriculture Department announced the July Federal order Class III benchmark milk price at $14.10 per hundredweight (cwt.), down $1.11 from June, $1.35 below July 2017, and the lowest Class III since February 2018. It equates to $1.21 per gallon, down from $1.31 a month ago and $1.33 a year ago.

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Global trade turmoil remains in spotlight

Monday, July 30, 2018 10:21 AM

Bleeding in the world dairy market slowed a bit in the July 17 Global Dairy Trade auction (GDT) which saw its weighted average slip 1.7 percent, following the 5.0 percent drop July 3. This was the fourth consecutive session of decline.

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June Class III highest prices seen in six months

Monday, July 16, 2018 10:06 AM

The nation’s June Federal order bench mark milk price crept to the highest level it has seen in six months, but that’s not saying much.

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Dairy pricing gets attention at G-7 Summit

Monday, June 25, 2018 9:46 AM

Just as history was made in the meeting between North Korea’s Kim Jong Un and President Trump, who would have thought that dairy pricing would get the attention it received after the meeting of the G-7 nations in Quebec. The President is critical of Canada’s age-old quota supply-management program.

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