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Market News
Sarina Sharp
1 hour ago4 min read
Milk, Dairy and Grain Market Commentary
To the dismay of hamburger consumers across the nation, dairy producers sent just 2.76 million cows to slaughter in 2024. That was...
Sarina Sharp
7 days ago4 min read
Milk, Dairy and Grain Market Commentary
The cheese markets are searching for direction. In the rearview mirror, booming exports and a steep drop in U.S. cheese stocks argue...
Sarina Sharp
Jan 104 min read
Milk, Dairy and Grain Market Commentary
The dairy markets are adjusting to the post-Christmas routine. Traders are back at their desks, and milk bottlers are running full throttle.
Monica Ganley
Jan 34 min read
Milk, Dairy and Grain Market Commentary
As the new year unfurls before us, dairy producers and other industry stakeholders are preparing for the opportunities and challenges...
Sarina Sharp
Dec 20, 20244 min read
Milk, Dairy and Grain Market Commentary
Bah! Humbug. California dairy producers are likely expressing their frustration with more colorful – but less festive – epithets as the...
Sarina Sharp
Dec 13, 20244 min read
Milk, Dairy and Grain Market Commentary
Class III futures bounced back bigtime this week, led by another strong performance in the whey market. CME spot whey powder rallied...
Sarina Sharp
Dec 8, 20243 min read
Milk, Dairy and Grain Market Commentary
The dairy markets had a lot of data to digest along with their turkey. While Americans topped their mashed potatoes and slathered...
Sarina Sharp
Nov 22, 20244 min read
Milk, Dairy and Grain Market Commentary
Never doubt the power of the profit motive in a free market. In the face of a devastating virus and a systemic heifer...
Sarina Sharp
Nov 16, 20243 min read
Milk, Dairy and Grain Market Commentary
Soaring temperatures, summer shortages, and sky-high prices are out of season as the cheese and butter markets hunker down for the winter.
Sarina Sharp
Nov 8, 20245 min read
Milk, Dairy and Grain Market Commentary
The cheese markets took another big step back this week. CME spot Cheddar blocks plummeted 11.75ȼ and closed at $1.72 per pound,...
Sarina Sharp
Nov 1, 20244 min read
Milk, Dairy and Grain Market Commentary
It was an eerily quiet week on LaSalle Street, with no major reports for the dairy markets to digest. So, the trade ruminated on some...
Monica Ganley
Oct 26, 20244 min read
Milk, Dairy and Grain Market Commentary
Dairy market analysts got a surprise this week when USDA released its Milk Production report on Monday with stronger than expected results.
Monica Ganley
Oct 18, 20244 min read
Milk, Dairy and Grain Market Commentary
The dairy markets bounced this week, rejecting the notion that lower prices will be necessary to balance supply and demand. After the...
Sarina Sharp
Oct 11, 20244 min read
Milk, Dairy and Grain Market Commentary
The dairy markets are seeking a balance at prices that encourage greater milk output without killing demand. For several...
Sarina Sharp
Oct 4, 20244 min read
Milk, Dairy and Grain Market Commentary
The dairy markets have once again proven the old trading adage that the best cure for high prices is high prices. After a spring...
Monica Ganley
Sep 27, 20244 min read
Milk, Dairy and Grain Market Commentary
After the fireworks of last week, the cheese markets have spent the past few days coming back to earth. Barrels distanced themselves...
Sarina Sharp
Sep 20, 20244 min read
Milk, Dairy and Grain Market Commentary
U.S. milk output fell short of year-ago volumes for the 14th straight month in August. The deficit was narrow; production was just...
Sarina Sharp
Sep 13, 20244 min read
Milk, Dairy and Grain Market Commentary
The dairy markets moved higher again as the trade grappled with structural barriers to expansion throughout the Northern Hemisphere.
Sarina Sharp
Sep 6, 20244 min read
Milk, Dairy and Grain Market Commentary
Tighter milk supplies and lower milk solids output have stiffened competition among dairy processors. While there are no obvious...
Sarina Sharp
Aug 30, 20243 min read
Milk, Dairy and Grain Market Commentary
The bears went into hibernation a little early this year, and the bulls enjoyed raucous celebrations on LaSalle Street. Milk and...
Sarina Sharp
Aug 23, 20244 min read
Milk, Dairy and Grain Market Commentary
U.S. milk output has trailed prior-year volumes for 13 straight months. In Wednesday’s Milk Production report, USDA slashed its...
Sarina Sharp
Aug 16, 20244 min read
Milk, Dairy and Grain Market Commentary
Like Katie Ledecky in a Paris pool, the dairy spot markets hit one milestone after another. But perhaps the pole vault and high jump...
Monica Ganley
Aug 9, 20244 min read
Milk, Dairy and Grain Market Commentary
As summer enters its final stretch, milk production conditions have mostly returned to seasonal norms. Hot temperatures continue...
Sarina Sharp
Aug 2, 20244 min read
Milk, Dairy and Grain Market Commentary
Feed is cheap and milk revenues are lofty. USDA announced the July Class III milk price at $19.79 per cwt. While that was 8ȼ lower than...
Sarina Sharp
Jul 26, 20244 min read
Milk, Dairy and Grain Market Commentary
As befits the season, the dairy markets heated up this week. The trade is becoming increasingly concerned that milk will remain tight...
Sarina Sharp
Jul 19, 20244 min read
Milk, Dairy and Grain Market Commentary
Dairy producers have just cashed a very big milk check, and they’re looking forward to similarly lucrative payments for the rest of...
Monica Ganley
Jul 12, 20244 min read
Milk, Dairy and Grain Market Commentary
Soaring temperatures and suffocating humidity are challenging milk production in many parts of the country. As the mercury...
Sarina Sharp
Jun 28, 20244 min read
Milk, Dairy and Grain Market Commentary
Cheese stocks typically grow throughout the spring, as the flush pushes more cheap milk to cheese processors, and demand ebbs. But this...
Sarina Sharp
Jun 21, 20244 min read
Milk, Dairy and Grain Market Commentary
Dairy producers did everything they could to keep their barns full last month after milk prices soared. They paid $3,000 or more...
Sarina Sharp
Jun 14, 20243 min read
Milk, Dairy and Grain Market Commentary
Strong domestic cheese demand propelled Class III futures to fresh life-of-contract highs this week. On Thursday, third-quarter...
Sarina Sharp
Jun 7, 20244 min read
Milk, Dairy and Grain Market Commentary
The bulls are back in charge on LaSalle Street. July through December Class III and a smattering of Class IV futures notched...
Sarina Sharp
May 31, 20244 min read
Milk, Dairy and Grain Market Commentary
After notching a new spring high last Friday, butter values plunged early this week. The trade spent the long weekend considering...
Sarina Sharp
May 24, 20244 min read
Milk, Dairy and Grain Market Commentary
By Sarina Sharp, Daily Dairy Report Sarina@DailyDairyReport.com Milk, Dairy & Grain Markets The markets are screaming at dairy producers...
Sarina Sharp
May 17, 20243 min read
Milk, Dairy and Grain Market Commentary
The bulls ran wild in Chicago this week. For both Class III and Class IV milk, June through December futures notched life-of-contract highs.
Sarina Sharp
May 10, 20245 min read
Milk, Dairy and Grain Market Commentary
Spring is in full swing. Family calendars are packed with end-of-the-school year concerts, field days, and parties. Farmers are dodging...
Monica Ganley
May 3, 20244 min read
Milk, Dairy and Grain Market Commentary
Folks from across the dairy industry gathered this week in Chicago for the annual meeting of the American Dairy Products Institute.
Sarina Sharp
Apr 26, 20245 min read
Milk, Dairy and Grain Market Commentary
The dairy markets swung wildly back and forth this week as they digested a slew of data and headlines. Monday’s Milk Production...
Sarina Sharp
Apr 19, 20243 min read
Milk, Dairy and Grain Market Commentary
Class III futures came roaring back this week, led by a sizable rally in the cheese markets. USDA’s Dairy Market News reports that...
Sarina Sharp
Apr 12, 20244 min read
Milk, Dairy and Grain Market Commentary
The dairy markets got off to a strong start this week, led by a historic move in butter. CME spot butter traded thrice at $2.97 per pound...
Monica Ganley
Apr 5, 20244 min read
Milk, Dairy and Grain Market Commentary
U.S. dairy exports have struggled for the past year as weak global demand and uncompetitive prices caused exports to trail prior year...
Monica Ganley
Mar 29, 20244 min read
Milk, Dairy and Grain Market Commentary
On Monday, the USDA announced that it had identified the mystery disease affecting dairy cattle in Kansas and Texas as Highly...
Sarina Sharp
Mar 22, 20244 min read
Milk, Dairy and Grain Market Commentary
Despite signs of continued contraction, the dairy markets just keep dropping. CME spot Cheddar blocks led the retreat. They fell 7.75ȼ...
Monica Ganley
Mar 15, 20244 min read
Milk, Dairy and Grain Market Commentary
Indecision continued to pervade the dairy markets this week as the price of most products waffled close to recent levels. While the...
Sarina Sharp
Mar 8, 20244 min read
Milk, Dairy and Grain Market Commentary
The dairy markets are feeling around for a bottom. April through July Class III futures notched life-of-contract lows this week.
Sarina Sharp
Mar 1, 20244 min read
Milk, Dairy and Grain Market Commentary
It was a rough week on LaSalle Street. The trade had hoped that lower milk output and a smaller dairy herd would propel the markets upward.
Sarina Sharp
Feb 23, 20243 min read
Milk, Dairy and Grain Market Commentary
The U.S. dairy industry continues to shrink. In the latest Milk Production report, USDA trimmed its estimates of 2023 milk...
Monica Ganley
Feb 16, 20244 min read
Milk, Dairy and Grain Market Commentary
USDA released its 2022 Census of Agriculture earlier this week, providing the latest installment of the once-every-five-year report on...
Monica Ganley
Feb 9, 20244 min read
Milk, Dairy and Grain Market Commentary
After a period of exuberance, the dairy markets ran into some resistance this week. Though milk supplies are far from plentiful, demand...
Sarina Sharp
Feb 2, 20244 min read
Milk, Dairy and Grain Market Commentary
With the benefit of hindsight, USDA now believes there were many fewer dairy heifers on hand at the beginning of 2023 than previously...
Monica Ganley
Jan 26, 20244 min read
Milk, Dairy and Grain Market Commentary
Milk production growth in the U.S. sputtered at the end of 2023, leaving the full year result nearly unchanged from the year prior. After...
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