A federal appeals court has rejected a Maryland milk processor’s challenge to Pennsylvania’s mandatory minimum wholesale price for milk, adding that the “constitutionality of Pennsylvania’s minimum wholesale prices remains unresolved.” A three-judge panel of the U.S. Court of Appeals for the Third Circuit unanimously affirmed a decision last year by a federal judge in Harrisburg who ruled against the lawsuit … Read More
Milk Futures Packs For E-Trade
In February 2006, the Chicago Merchantile Exchange successfully launched CME Class III Milk futures on the CME Globex electronic platform. Since that time approximately 20% of overall average daily volume in CME Class III Milk futures trading has been electronic. On September 25, the CME Globex platform will expand its functionality to include packs for CME Class III Milk, according … Read More
Dairyline Markets In Review
Dairy Markets Week in Review The dairy market relapsed in the shortened Labor Day week. Block cheese closed Friday at $1.30 per pound, down 4 3/4-cents on the week, and 23 cents below that week a year ago. Barrel closed at $1.2650, also down 4 3/4-cents on the week, and 22 1/2-cents below a year ago. Eighteen cars of block … Read More
A Bullish Outlook
Peter ullrich made some interesting predictions at the recent eDairy Outlook Conference according to their news release. Here’s a few of them.
Dairyline Markets In Review
Dairy Markets Week in Review
The dairy markets saw more ups and downs the last week of August. Block cheese closed Friday at $1.3475 per pound, the highest price since late January. That’s 5 1/4-cents above the previous week but 15 1/4-cents below a year ago. Barrel climbed to $1.3350 and then gave back some on Friday, closing at $1.3125, up 2 1/4-cents on the week, but 17 3/4 cents below a year ago. 18 cars of block traded hands on the week and 7 of barrel. The NASS U.S. average block price hit $1.1925, up 1.9 cents. Barrel averaged $1.2046, up 3.9 cents.
Butter closed Friday at $1.3675, up 1 1/4-cents on the week, but 32 3/4 cents below a year ago. 40 cars were sold. NASS butter averaged $1.2406, up 1.8 cents.
Provided courtesy of Dairyline.
Dairyline Markets In Review
Dairy Markets Week in Review
The cash dairy markets continued to strengthen the week of August 21. Block cheese closed Friday at the highest level since late January, $1.2950 per pound, up 5 1/2-cents on the week, but 17 1/2-cents below that week a year ago. Barrel closed at $1.29, up 4 3/4-cents on the week, but 19 cents below a year ago. 13 cars of block traded hands and 3 of barrel. The NASS U.S. average block price gained a penny, hitting $1.1717, while barrel averaged $1.1712, up 2.2 cents.
Butter closed at $1.3550, up 7 cents on the week, but 34 1/2-cents below a year ago. 61 cars were sold on the week. NASS butter averaged $1.2212, up 0.2 cent.
Provided courtesy of Dairyline.
Dairyline Markets In Review
Dairy Markets Week in Review
The cash dairy markets anticipated a more bullish milk production report and continued to strengthen the week of August 14. Block cheese closed that Friday at $1.24 per pound, up 4 cents on the week, but 23 cents below a year ago. Barrel closed at $1.2425, up 5 cents on the week, but 23 3/4-cents below a year ago. 18 cars of block traded hands and 11 of barrel. The NASS U.S. average block price hit $1.1622, up 1.9 cents. Barrel averaged $1.1492, up 0.6 cent.
Butter closed Friday at $1.2850, down a half-cent on the week, and 41 1/4 cents below a year ago. 43 cars were sold. NASS butter averaged $1.2146, up 6.1 cents.
There’s encouraging news in fluid milk, according to the CME’s Daily Dairy Report (DDR). After consecutive years of declines, fluid milk sales were up 1.4 percent in the first half of 2006, according to Federal order and California data. The DDR adds that, if this pace continues, this could be the third time in the last 20 years that fluid sales increased at least 1 percent from the previous year.
Provided courtesy of Dairyline.
Dairyline Markets In Review
Dairy Markets Week in Review
Temperatures are up, milk production is down, and dairy product prices are rising, although the rebound has been reluctant in cheese. Cash block started the week jumping 3 3/4-cents but relapsed some and closed the first Friday in August at $1.1950 per pound, up 3 1/4-cents on the week, but still 20 3/4 cents below that week a year ago. Barrel closed Friday at $1.16, up 4 cents on the week, but 22 cents below a year ago. Sixteen cars of block traded hands this week and two of barrel. Meanwhile, the NASS-surveyed U.S. average block price hit $1.1530, down 0.2 cent. Barrel averaged $1.1285, down 1.9 cents.
Cash butter closed Friday at $1.2850, up 8 1/2-cents on the week, but 44 1/2 cents below a year ago when butter jumped 14 cents to $1.73. Twenty eight cars were sold this week. NASS butter averaged $1.1428, up 1.5 cents.
Provided courtesy of Dairyline.
Dairyline Markets In Review
Dairy Markets Week in Review
The cash dairy markets saw some strength the week of July 24. Block cheese finished Friday at $1.1625 per pound, up a quarter-cent on the week, but 22 3/4-cents below that week a year ago. Barrel closed Friday at $1.12, up a half-cent on the week, but 24 1/2 cents below a year ago. Sixteen cars of block traded hands on the week and 12 of barrel. The NASS surveyed U.S.
average block price slipped to $1.1552, down 0.3 cent. Barrel averaged $1.1478, down 1.9 cents.
Butter closed Friday at $1.20, up 4 3/4-cents on the week, but 39 cents below a year ago. 24 cars were sold. NASS butter averaged $1.1272, up 0.1 cent.
Provided courtesy of Dairyline.
Organic Infighting Now Official
Organic and “natural” or “whole” foods comprise one of the fastest growing niches in food marketing today. Consumers are open to messaging decrying conventional commodity agriculture and touting products that are somehow more wholesome and nutritious due to their specialized production style. These interests are now attempting to eat their own, it appears.