Milk, Dairy and Grain Market Commentary
After more than a month in the stratosphere, the butter market plummeted back to earth. CME spot butter crash-landed today at $2.60...
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Nov 3, 20235 min read
Producer Review Board Has Another Meeting (And Another One is Planned in Less Than Three Weeks)
Back in the day, serving on the Producer Review Board (PRB) was easy duty. One meeting a year to talk about the pooling budget, maybe a...
Nov 3, 20234 min read
Milk, Dairy and Grain Market Commentary
There was a lot of red ink on LaSalle Street this week, and every product at the CME spot market finished lower. Most milk futures...
Oct 27, 20234 min read
Milk, Dairy and Grain Market Commentary
A poor showing at the Global Dairy Trade (GDT) Pulse auction spooked the milk powder markets this week and another month of...
Oct 20, 20234 min read
Milk, Dairy and Grain Market Commentary
USDA released its Milk Production report this week, indicating that national output contracted in September for the third month in a row.
Oct 13, 20233 min read
Federal Milk Marketing Order Hearing Report -- Week 8
The proposal to update and raise Class I differentials in all 3,100 counties of the continental United States by National Milk...
Oct 13, 20234 min read
Milk, Dairy and Grain Market Commentary
Whether or not black cats or broken mirrors were involved, the butter market’s luck has changed dramatically. After repeatedly...
Oct 6, 20232 min read
The Producer Review Board Recommends Adjustment to QIP Assessment
The Producer Review Board (PRB) has been wrestling with the challenge of finding the correct assessment rate to fund payments to ...
Oct 6, 20233 min read
Federal Milk Marketing Order Hearing Report -- Week 7
There are five “issues” encompassing 21 proposals that make up the substance of the “call” of this hearing into Federal Milk Marketing...
Oct 6, 20234 min read
Milk, Dairy and Grain Market Commentary
Like a mountaineer surveying Everest from K2, the butter market is exploring new heights. CME spot butter scaled a previously...
Sep 29, 20231 min read
SGMA Happens
The Kern Subbasin GSAs – and there are about 17 of them – have agreed on a common approach to setting minimum thresholds.
Sep 29, 20233 min read
Milk, Dairy and Grain Market Commentary
The U.S. butter market took off like a rocket. It soared 30ȼ this week and closed at $3.30 per pound, just shy of the all-time high...
Sep 29, 20233 min read
Federal Milk Marketing Order Hearing Report -- Week 6
When I tuned in to the hearing at 5 a.m. Pacific time on Monday morning, I heard a different voice come through my earbuds.
Sep 22, 20234 min read
Federal Milk Marketing Order Hearing Report -- Week 5
The Federal Milk Marketing Order (FMMO) hearing in Carmel, Indiana only met three days this week because the venue where the hearing is...
Sep 22, 20234 min read
Milk, Dairy and Grain Market Commentary
Three-dollar butter is back. CME spot butter soared an astounding 28.25ȼ this week and closed right at the $3 mark. Exports are out of...
Sep 22, 20231 min read
PRB Meeting on Assesment Oct 2; Petition for Referendum to Terminate QIP Meets Signature Threshold
The Producer Review Board will hold its next meeting on October 2, 2023, 10 a.m. There will be no in-person option for this meeting and...
Sep 15, 20232 min read
Federal Milk Marketing Order Hearing Report
Week four of the Federal Milk Marketing Order hearing in Carmel, Indiana was mostly about the make allowance. The following proposals...
Sep 15, 20234 min read
Milk, Dairy and Grain Market Commentary
The Class III markets took a big step back this week. Cooler weather has boosted yields, providing a little more milk for cheese vats.
Sep 8, 20233 min read
Federal Milk Marketing Order Hearing Progress Report
This was the third week of the Federal Milk Marketing Order hearing in Carmel, Indiana. The week started out with rebuttal testimony on...
Sep 8, 20234 min read
Milk, Dairy and Grain Market Commentary
Higher temperatures fired up the dairy markets over the past few weeks, but now the mercury has fallen and so have cheese prices.
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