Oct. Class I Mover Announced

Fri, 18 Sep 2009 14:17:00 GMT

The October Advanced Class I price was released this morning by USDA. The value of $12.35 represents a $1.42 increase over the Sep. value. This higher value with associated lower feed costs implies that the MILC payments for Oct. will be less than the September payment. After incorporating the Oct. mover into our MILC forecasting model we have an estimated MILC payment for October of $0.60 . This compares to estimated payments of $1.64 in August and $1.24 for September milk. For more detail refer to the following spreadsheet files: http://future.aae.wisc.edu/collection/software/currentMILCest.xls and http://future.aae.wisc.edu/collection/software/MILCPaymentCalc_base.xls .

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Retail Dairy Prices Continue to Drop

Wed, 16 Sep 2009 19:46:00 GMT

August’s retail dairy prices represented the lowest level in more than two years. The Milk CPI dropped for the 9th straight month to 124.7, down 18% from 2008 .   The August city-average retail price of whole milk was $2.98/gallon, down 91¢ from Aug. 2008.  The Aug. Cheese CPI was 197.9, down 11% from a year ago, and down for the 12th straight month.  The Butter CPI was 166.8, down 9%, ending three months of increases.

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Highest All-Milk Price of the Year in Aug.

Mon, 07 Sep 2009 13:21:00 GMT

A slight increase in the All-Milk price and declining feed costs moved the Aug. milk-feed ratio to its highest level of th year. With likely MILC payment we may see the highest ratio since Nov 08 and only the second time the ratio has been over 2.00 since Mar 08.

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CME Blocks Increase to Their Highest Level Since December

Thu, 13 Aug 2009 11:37:00 GMT

The CME spot block price increased to $1.3325, a gain of 2.25¢ and the highest price since December 18. The spot barrel price increased 1¢ to $1.30. The spot butter price remained unchanged while Grade A nonfat dry milk increased 0.50¢ to close at $1.00.

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Fourth Qrtr. Class III Futures Experiance Major Declines

Wed, 29 Jul 2009 22:32:00 GMT

Fourth-quarter Class III settle prices dropped 44¢, giving up the the gains achieved over the previous week.   First-half 2010 Class III settle prices dropped 28¢.   The losses came despite penny gains on both blocks and barrels.

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CME Spot Blocks and Barrels Settle at Highest Levels Since Mid-April

Tue, 28 Jul 2009 21:26:00 GMT

CME spot cash block and barrel prices were bid higher today, settling at their highest levels since mid-April.    Blocks are up 12.75¢ since July 14 and barrels are up 10.5¢ since July 15.

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June Dairy Stocks Data Released This Afternoon

Wed, 22 Jul 2009 19:43:00 GMT

NASS released today their estimates of the June end-of-month stocks of dairy products.
American cheese stocks continued their upward trend.
Butter stocks also increased over the June 08 level. Both these trends don’t bode well for a strengthening of the Class III price. There were significant double digit decreases in Class III future settle prices today for the Aug ‘09 - May ‘10 contracts.

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Big Increase in Class III Futures Today

Mon, 20 Jul 2009 20:42:00 GMT

With recent increases in the spot market for cheese over the last couple of trading days, the Posted in

August Class I Price Released Today

Fri, 17 Jul 2009 12:53:00 GMT

The August Advanced Class I mover was released today to be $10.04.  This represents a $0.22 decrease from the July value and a $8.43 drop from the August 2008 value.

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CME Spot Cheese Prices were Bid Significantly Higher Today

Thu, 16 Jul 2009 20:55:00 GMT

CME spot Blocks gained 4.75¢ and barrels gained 6.75¢ to $1.1425 today at the CME.  As a result the Aug - Dec ‘09 Class III futures settle prices increased an average $0.348 .

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