DHM #Markets/Marketers: Class III/IV; weekly products
Federal order Class III & IV milk prices steadied in March, according to the monthly price announcement from USDA’s Ag Marketing Service.
#Dairy markets: Class III continues downside move
Class III milk continued its downside move. The May contract took the largest loss, settling down 42¢, to $21.45/cwt., while the November contract settled up 3¢, to$18.89/cwt. The market looks technically like it is time to buy the dip. One might expect to see some buying come in early to test the waters.
#Dairy markets: Class III futures continue rally
Class III futures continued to rally. We’d not be surprised to see a little profit taking today ahead of the milk production report this afternoon. The dry whey market was silent yesterday. Cheese futures moved higher in sympathy with Class III.
USA: Daily Dairy Trading: Strong Gains For Near Term Class III Futures, Monday
US – February Class III Milk closed 33 cents higher, settling on a contract high of $22.78 on Monday.
Butter Leads Spot Trades as Class IV Drops
Spot bidders reported five trades for Butter yesterday which, along with a five cent drop in November Class IV milk, constituted the main changes.
#Daily Dairy Trading: July Class III Milk Closes Down 9 Cents, Wednesday
US – In a busy week of trading so far, midweek prices have lifted across many commodities with Butter lifting 2.5 cents after nine trades were recorded yesterday.
Daily Dairy Trading: June Class III Milk Up 3 Cents
US – Spot prices for forty pound cheese blocks fell again with the futures market seeing upturn in June Class III milk, closing up 3 cents at $18.02.
TGD: January Class III: $18.14
The relentless decline of barrel cheese price and Class III futures prices came to a halt during the week. A retracement in future prices was due, but was not happening as long as barrel cheese continued to weaken.