Cheese Prices Rebound to End the Week
16:22 | 17/11/2024
After being on the decline, CME cheese prices ended the week on a rise. Blocks settled at $1.6925 per pound, up 3.5 cents, with four loads changing hands. At the same time, barrels ticked up to $1.6850 per pound, 1.25 cents higher, with one lot being exchanged. Butter climbed to $2.6300 per pound, adding three cents while NDM eased to $1.4000 per pound, giving up a half cent.
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09:25 | 12/10/2024
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Spot Milk Remains Tight but Component Levels are Healthy
12:01 | 05/10/2024
After making small movements over the last two days, the CME barrel market resumed its downward trajectory and closed at $2.1200 per pound, $0.0325 lower. Blocks also declined, shedding two cents to finish the day at $2.0075 per pound. Five lots of blocks changed hands, and there were no barrel trades. Spot butter, meanwhile, dipped, climbed, then dipped again through the session, ending unchanged at $2.6800 per pound. Sixteen lots traded.
Brazil milk prices continue to rise - Cepea
11:59 | 05/10/2024
Prices rising on tight supply
Share by Email Fonterra annual profit falls 25%
21:48 | 30/09/2024
Volatility in demand impacting margins
Cheese and Butter Inventories Drop More Than Expected
10:59 | 24/08/2024
CME cheese markets tumbled well off recent highs ahead of USDA’s July Cold Storage report. Barrels plunged $0.1225 to $2.1000 per pound, the biggest single-day drop since November 2020. Blocks also slid, but at a slower pace, settling at $2.0375 per pound, down four cents. Two lots of blocks and zero loads of barrels traded. Butter continued its trend of decreasing prices with high volume. Spot butter closed at $3.1300 per pound, two cents lower, with 22 loads exchanged.
Milk Production and Cow Numbers Drop, Prices See Some Growth
09:55 | 22/06/2024
Milk Production report finished off a volatile week in Dairy Markets. U.S. milk production dropped 0.9% year-over-year in May, slightly below Ever.Ag expectations. Given recent strength in dairy markets, this report may not add any additional fuel to the fire. Cow numbers declined 68,000 head compared to last year, although USDA noted 5,000 more cows in May versus April. Both Texas and New Mexico grew by 3,000 head each, but that still leaves New Mexico down 42,000 head from a year ago.
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14:03 | 19/05/2024
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US raw milk sellers undeterred by avian influenza outbreaks
15:53 | 05/05/2024
US sellers of raw milk appear undeterred by federal health warnings for consumers to avoid drinking unpasteurised milk in light of a bird flu outbreak that has affected dairy herds in nine states and sickened at least one dairy farm worker, reported Reuters.
Milk Prices Finish the Week Strong
14:45 | 14/04/2024
Class III milk rebounded along with cheese. April gained a penny to $15.41, with May up 37 cents to $16.39, and June up 24 cents to $16.77/cwt.
