The Latest: November - 2026
Spot Whey Powder All Time High
The protein bulls galivanted through LaSalle Street, and CME spot whey powder struck a new all-time high. Spot whey powder jumped 7ȼ this week to 91ȼ per pound. The 8% increase marked the whey market’s first foray into the 90s in its eight-year tenure at the spot market. USDA’s Dairy Market News reports that whey powder demand is “steady to strong.” And some October processing downtime and production issues tightened supplies. Manufacturers continue to concentrate as much whey as possible, but there’s still plenty of raw whey leftover. Through September, whey powder production was up 7.8% year-over-year.
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The markets sprinted straight uphill on Monday and with amazing stamina and speed, they maintained their frantic pace. They finally tired on Friday and despite the late-week retreat, the total mileage is impressive.
View reportThe pandemic sickened the dairy markets in April, creating immense pain on the farm. But there are better days ahead.
View reportThe inverted futures curve highlights that the fresh cheese shortage is likely temporary. But immediate demand must be formidable if we have managed to tighten up fresh cheese inventories so quickly after piling up cheese in immense volumes last month.
View reportThe dairy markets in general, and the cheese and butter markets in particular, have been buoyed by a perfect storm of purchases. This week’s vigorous rally suggests the dairy downturn may be over sooner than we had feared.
View reportMost of the dairy complex gained ground last week, and this week prices moved higher across the board. Despite the recovery, the next several milk checks promise to be agonizingly inadequate.
View reportMost dairy markets bounced back this week. There is still more milk than the market needs but for myriad reasons, the excess has become a little less burdensome. The markets are working.
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