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Milk Futures Mostly Higher, GDT Up Sharply
In Class III trade at the Chicago Mercantile Exchange, milk futures were mostly higher with the most active months responding to the Global Dairy Trade numbers. August was down $.01 at $16.99,...
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Milk Futures Higher, Cash Dairy Mixed
In Class III trade at the Chicago Mercantile Exchange, milk futures were up on an oversold bounce. September was up $.05 at $16.60, October was $.10 higher at $16.62, November was up $.11 at $16.39,...
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Milk Futures Higher, Cash Dairy Mixed
In Class III trade at the Chicago Mercantile Exchange, milk futures were higher, bouncing back to start out the new month. Contracts lost a significant amount of ground in mid-to-late August on a...
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Dairy Trends: Dairy commodity prices continue upward trend
Dairy markets have continued their positive trend this week, with prices for nearly all commodities lifting. Dairy markets continue to improve as the slowdown in EU milk production registers across the...
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Milk Futures Continue Slide
In Class III trade at the Chicago Mercantile Exchange, milk futures were lower on another round of technical and commercial pressure. Seasonally, milk production is ramping back up and global export...
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Futures market points to another rise in prices at Global Dairy Trade
The latest NZX futures market points to an 8-10% rise in whole milk powder (WMP) prices at tomorrow’s Global Dairy Trade auction, New Zealand bank ASB has said. Last week, WMP futures prices broke...
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Global Dairy Trade Prices Ramp Up
The overall Price Index at the Global Dairy Trade (GDT) auction climbed 11.4 per cent this week, its largest increase since August, according to UK levy board AHDB Dairy. This was mostly driven by a...
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Dairy markets: WMP prices remain flat as Chinese import demand tails off
Futures prices for whole milk powder (WMP) have hit a ceiling in the last week despite continuing evidence that New Zealand milk production is declining. Futures prices for whole milk powder (WMP) have...
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Milk futures higher, cash dairy mixed
In Class III trade at the Chicago Mercantile Exchange, milk futures were supported by technical buying and expectations for good manufacturing demand. December was up $.02 at $16.94, January was $.09...
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Dairy prices up +3.5% in latest GDT
AMF index Up 2.9%, average price US$5,500/MT Butter index Up 1.7%, average price US$4,262/MT BMP index Down 2.6%, average price US$2,408/MT Ched index down 2.2%, average price US$3,752/MT LAC index Up...
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Milk futures mixed, cash dairy steady to higher
In Class III trade at the Chicago Mercantile Exchange, milk futures were mixed on spread trade and consolidation. December was up $.02 at $17.25, January was down $.04 at $17.09, February was $.07...
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Milk futures higher, cash cheese lower
In Class III trade at the Chicago Mercantile Exchange, milk futures were higher, bouncing back from a couple of mixed, mostly lower, sessions, supported by good demand expectations. December was up...
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Strong 2017 milk price for US farmers
With cheap grain for feeding and a growing export market, US dairy farmers are looking forward to a strong 2017. Forecast for 2017 milk have been raised by 75c (1.57c/litre) to $16.75/100 pounds or...
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Dairy markets start 2017 on a bearish note
Milk prices got off to a disappointing start, as whole milk powder prices at the GlobalDairyTrade auction slumped. The GlobalDairyTrade index, which is based on the auction run by the giant New Zealand...
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Five Key Indicators for 2017 Dairy Exports
USDEC offers a preview of the new year, identifying the factors that will shape U.S. dairy export opportunity. After most political prognosticators so spectacularly botched their predictions during...
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UK average farmgate milk price at 20-month high
The UK’s average farmgate price exceeded 25p/litre in November 2016 for the first time since March 2015, according to the latest Defra figures. In the five months to November 2016, UK average farmgate...
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Milk futures mostly higher, cash cheese steady
In Class III trade at the Chicago Mercantile Exchange, milk futures were mostly higher on spread trade and follow through buying. January was steady at $16.62, February was up $.15 at $17.14, March was...
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Dairy Prices Tipped to Rise at Auction
Futures market trading is pointing to a mild improvement in dairy prices at this week’s GlobalDairyTrade auction after a surprisingly weak start to the year. Whole milk powder prices look likely to...
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Cheese Consumption Increases Pushing Milk Prices Higher
A lapse in U.S. cheese consumption increases during the first half of this year had a serious impact on milk prices and dairy industry profitability. Consumer demand for cheese during the first half of...
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Milk futures, cash cheese lower
In Class III trade at the Chicago Mercantile Exchange, milk futures were lower, pressured by demand uncertainties and technical selling. January was down $.01 at $16.78, February was $.12 lower at...
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Milk Futures Mostly Higher, Cash Dairy Mostly Lower
Class III milk futures at the Chicago Mercantile Exchange were mostly higher, with the most active months seeing a slight bounce from the recent losses. January was up $.01 at $16.75, February was $.01...
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Milk futures close higher, cash dairy mostly higher
Class III milk futures Monday closed higher at the Chicago Mercantile Exchange. March was a penny higher at $15.83/cwt; April up a penny at $15.00; May was .03 higher at $15.29; and June was up .02 at...
View ArticleMilk futures, cash dairy mostly lower
Class III milk futures at the Chicago Mercantile Exchange were mixed with the most active months down on profit taking. June was $.04 lower at $16.66, July was down $.14 at $17.12, August was $.17...
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Milk fat prices soar as love for butter spreads globally
Prices for milk fat are soaring and you can thank consumers worldwide for it. In June last year, butter prices on the Global Dairy Trade auction hovered about US$3000/tonne; the last auction on May 16...
View ArticleNew Zealand’s Fonterra cuts farmgate milk price outlook on volatile market
New Zealand’s Fonterra said on Wednesday it reduced its farmgate milk price forecast for the 2017/18 season by NZ$0.35 to NZ$6.40 ($4.42) per kg of milk solids, citing volatility in the global dairy...
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Record down day for nonfat dry milk, rest of the dairy markets were mostly...
At the Chicago Mercantile Exchange, it was another record down day for nonfat dry milk. The rest of the dairy markets were mostly steady or higher. The exception was the December Class III milk futures...
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