Blimling and Associates Blog

Block cheddar cheese closed at $1.6600/lb, up $0.0100/lb with 3 trades.

Barrel cheese closed at $1.4900/lb, down $0.0200/lb with 2 trades.

Butter closed at $1.5250/lb, unchanged with 1 trade.

Grade A NDM closed at $1.4000/lb, unchanged with no trades.

Extra Grade NDM closed at $1.4000/lb, unchanged with no trades.

Dairy Industry 'Needs Champion'

Taskforce Slams Fonterra's Structure

Dairy cow slaughter for the week ending November 14 was 54,627 head, down 1.7% from the same week last year.

This puts slaughter up 242,000 head year-over-year, YTD through week 46.

Block cheddar cheese closed at $1.6500/lb, up $0.0250/lb with no trades.

Barrel cheese closed at $1.5100/lb, unchanged with no trades.

Butter closed at $1.5250/lb, unchanged with no trades.

Grade A NDM closed at $1.4000/lb, unchanged with no trades.

Extra Grade NDM closed at $1.4000/lb, unchanged with no trades.

While there is still plenty of economic data that engenders concern, two reports released this morning will be viewed as positive.

First, initial jobless claims for the week ending November 21 came in at 466,000, the lowest reading since October 11, 2008 and below the psychologically important 500,000 mark. In addition, for the first time in some time, the numbers for the previous week were revised lower (by 4,000).

Second, the Bureau of Economic Analysis Personal Income and Spending data showed a much-better-than expected increase in spending in October: +0.7% versus September. Expectations were apparently in the +0.3% area. Income was a bit better than expected, at +0.2% versus September with expectations in the +0.1% area.

Two positive data points published in one week -- a week that saw headlines such as "One in Four Borrowers Underwater" and "Early Data Suggest Suicides are RIsing" among others -- does not necessarily signal trend reversal, "happy days are here again" or some such. But analysts who have been pointing to jobs or signs of life from the consumer as linchpins to meaningful economic recovery (finally) have something to chew on.

Murray Goulbourn Boosts Farmer Milk Price

China Executes 2 for Role in Tainted Milk Scandal 

CDFA Considers Proposed Changes to Milk Prices

Mega Dairy Trial Opens at Slow Pace

Block cheese closed at $1.6250/lb, up $0.0150/lb with 3 trades.

Barrel cheese closed at $1.5100/lb, up $0.0100/lb with 1 trade.

Butter closed unchanged at $1.5250/lb with 2 trades.

Grade A NDM closed unchanged at $1.4000/lb with no trades.

Extra Grade NDM closed unchanged at $1.4000/lb with no trades.

NZ Synlait Milk Defers Plans for IPO

Home Sales Rise to Highest Level in 2.5 years

Block cheddar cheese closed at $1.6100/lb, up $0.0100/lb with no trades.

Barrel cheese closed at $1.5000/lb, unchanged with 4 trades.

Butter closed at $1.5250/lb, unchanged with 14 trades.

Grade A NDM closed at $1.4000/lb, unchanged with no trades.

Extra Grade NDM closed at $1.4000/lb, unchanged with no trades.

US House Considers Bill to Help Dairy Farmers

Cadbury Sweetened by Bid Battle

Call for US to End Dairy Subsidies Ahead of Doha Talks

EU Slashes Dairy Subsidies, Murmurs US Will Follow 

Nestle Emerges as Next Bidder for Cadbury