Market Reports

The market is still suffering a hangover after over-indulging in October and November and the damage has been done.

Dairy markets were not immune, and after a healthy rally last week markets suffered a sizeable setback.

The steep December selloff was a necessary correction and was not the start of a sustained downtrend. With the exception of butter, dairy demand is outpacing supply and supporting dairy product prices.

CME spot Cheddar barrels dropped to a 10-month low but came roaring back. The powder markets firmed as well.

Milk yields and components remain high while an unsettled market tries to digest the holiday excess.

Revenues improved throughout the year. Although not sufficient to undo years of financial distress, it is the highest revenue since 2014 and worthy of celebration.