Tue, 19 Jul 2011 20:04:00 GMT
The National Farmers Union (NFU) Board of Directors has passed a resolution in response to U.S. House of Representatives Committee on Agriculture Ranking Member Collin Peterson’s recent dairy reform proposal. For their response, click here.
Mon, 11 Jul 2011 20:27:00 GMT
July Class III futures settled at $21.13 today. The record-high Class III price is $21.38 set in July 2007. To see the history of recent Class III settle prices go to the following URL contained within the UW Understanding Dairy Markets website: Click Here .
Mon, 27 Jun 2011 14:25:00 GMT
Spot butter was offered 2¢ lower to finish the week 8¢ last week from the previous week. Butter futures continued to decrease with AUG-NOV falling 9.75¢ from previous week. Blocks and barrels each increased a penny last week. Class III futures were down from a week ago in all but the first few contract-months, including a 63¢ drop in DEC. However, JUL closed at a new high of $20.28 today. For a summary of the CME spot sales click here. For last week’s futures settlement prices click here.
Thu, 17 Mar 2011 17:26:00 GMT
The CME Spot cheese market has witnessed a significant decrease in the CME spot cheddar price since last Friday (3/11). For more detail click here.
Tue, 15 Feb 2011 14:35:00 GMT
The outlook for global grain supplies and food prices grew more precarious last week as the U.S. Agriculture Department said it expects U.S. corn supplies to fall to the near-record low level set 15 years ago. Red-hot prices aren’t cooling the appetite for U.S. grain as in the past, which means U.S. supplies are continuing to be drained at a rapid rate to make ethanol fuel, fatten livestock and meet demand overseas. For the full story click here.
Mon, 14 Feb 2011 16:40:00 GMT
No MILC payments are predicted after February given the anticipate increase in milk prices forecast for the rest of the year. For the full story click here.
Fri, 04 Jun 2010 14:42:00 GMT
This morning the USDA released the May Class III price. It is $13.38/cwt. This represents a $0.46 increase from the April level and a whopping $4.54.cwt increase from May 2009. For the formal announcement of this price click here. For the actual data, go to the Federal Order Prices section of the website.
Thu, 03 Jun 2010 20:22:00 GMT
The latest Global Dairy Trade auction shows the market is enjoying a period of relative stability, says Fonterra globalDairyTrade manager Paul Grave. For the full story click here. The auction data can be obtained by accessing the Prices section of this website.
Tue, 23 Mar 2010 12:00:00 GMT
The April Advanced Class I price is $13.22 which represents a drop of $1.12 from the March level.
Fri, 05 Feb 2010 16:45:00 GMT
The Announced Class III price for Jan. 2010 was released this morning and was set at $14.50. The Announced Class IV price was $13.85.
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