The Board of Directors and management of Dairy Farmers of America, Inc. (DFA) announced today that DFA has reached a settlement with the Commodity Futures Trading Commission (CFTC). The settlement ends the CFTC’s investigation into DFA’s trading activities on the Chicago Mercantile Exchange (CME) in 2004. Without admitting or denying the CFTC’s findings in the administrative order, DFA and two … Read More
Dairyline Markets In Review
Dairy Markets Week in Review The cash dairy markets crashed this week. Block cheese closed at $1.5125 per pound, down 27 3/4-cents on the week, 41 3/4-cents below a year ago when the blocks plunged 26 1/4-cents, and is at the lowest level since April 2007. Barrel closed Friday at $1.5225, down 22 1/2-cents on the week, and 47 1/2 … Read More
Court Agrees with NMPF
The National Milk Producers Federation (NMPF) successfully prevented the US Department of Agriculture today from allowing, through private auction, the sale of nonfat dry milk powder at prices below the level specified in the Farm Bill. USDA, facing legal action brought by NMPF, agreed not to submit any of the product for auction. NMPF had sought a Temporary Restraining Order … Read More
NMPF Files Against Selling of Dry Milk Power
The National Milk Producers Federation (NMPF) went to court today in Chicago to prevent the U.S. Department of Agriculture from undermining the dairy price support program by selling nonfat dry milk powder at levels that will reduce farmers’ milk checks. NMPF is seeking a Temporary Restraining Order to stop the USDA from using a private, third-party company to resell milk … Read More
Dairyline Markets In Review
Dairy Markets Week in Review The cash dairy markets continue to garner a lot of attention, particularly butter. The 40-pound block cheese price closed the first Friday of December at $1.79 per pound, down 1 1/4-cents on the week, and 40 1/4-cents below that week a year ago. The 500-pound barrel price closed at $1.7475, down 4 1/4-cents on the … Read More
Dairyline Markets in Review
Dairy Markets Week in Review Cash cheese prices continued to inch higher on unfilled bids Thanksgiving Day week while butter continued to head south. The 40-pound block price closed the holiday-shortened week at $1.8025 per pound, up 3 1/4-cents on the week, but 20 3/4-cents below that week a year ago when the blocks plunged 19 cents only to rebound … Read More
Dairyline Markets In Review
Dairy Markets Week in Review The CME cash cheese market was bid higher the week before Thanksgiving. Block closed Friday morning at $1.77 per pound, up 5 1/4-cents on the week but still 43 cents below a year ago when it hit $2.20. Barrel closed at $1.74, up 4 1/2-cents on the week, but 34 cents below a year ago. … Read More
Dairyline Markets in Review
Dairy Markets Week in Review Strength continued in the cash cheese market in Chicago the second week of November, with block adding another 6 3/4-cents and closing Friday at $1.7175 per pound, but that’s still 43 1/4-cents below a year ago when block jumped 9 1/2 cents. Barrel closed Friday at $1.6950, up 5 3/4-cents on the week, but 33 … Read More
Dairyline Markets In Review
Dairy Markets Week in Review CME cash cheese reversed gears the first week of November. Block closed Friday at $1.65 per pound, up 4 1/4-cents on the week, but 40 1/2-cents below that week a year ago. It had lost 19 cents since October 23. Barrel, after dropping to $1.6075 on Wednesday, rallied and closed Friday at $1.6375, still 4 … Read More
Dairyline Markets In Review
Dairy Markets Week in Review Cash cheese prices continue to weaken at the Chicago Mercantile Exchange and block closed on Halloween at a ghoulish $1. 6075 per pound, down 13 cents on the week, 40 1/4-cents below a year ago, and the lowest its been since May 2007. Barrel closed at $1.6850, unchanged on the week, but 22 3/4-cents below … Read More