May - 2019

It was another wild week on LaSalle Street, as traders focused much of their attention on Pennsylvania Avenue. For now, however, milk output is in decline around the world. Dairy producers can enjoy much higher milk prices even as exports slip.

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May - 2019

New highs! For dairy producers, those words are like the first glimpse of an oasis after four years wandering in the desert. And, with some better pricing in upcoming milk checks to wet their whistle, dairy producers can have some confidence that it’s not a mirage.

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April - 2019

The dairy markets have had a slew of data to digest in the past two weeks, providing plenty of fodder for the bulls. The Global Dairy Trade (GDT) auction kicked things off last Tuesday with a mostly higher performance. U.S. trade data for February echoed the GDT; butterfat and cheese exports impressed, while milk powder shipments stalled. Less milk and more processing capacity is making for a tight milk market in the Midwest despite the spring flush.

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April - 2019

Concerns are growing among nonfat dry milk (NDM) buyers that milk powder prices could reach into the $1.15 range if not higher later this year. The market sentiment now is that the longer prices remain in the high 90¢ range this spring, the higher prices could move up later this year. If the higher NDM price levels materialize, they could result in some of the highest-Class IV milk prices in a long time for western dairy producers, which would be much needed good news.

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April - 2019

The U.S. dairy cow herd has been contracting for more than a year, and foreign milk production has fallen flat. At long last, that is translating into higher milk pricing. Dairy producers across the country will be seeing much better milk checks than those they have cashed in recent months.

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March - 2019

For once, barrels demonstrated the discipline of a seasoned runner, setting a steady, sustainable pace. It’s often difficult to rally the cheese markets at the height of the spring flush, but things are different this year. Slow growth in cheese production and steady increases in demand are helping to buoy the once-beleaguered cheese markets. Still, traders seem to have some doubts about the magnitude of the recent rally.

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