Blimling and Associates Blog

Blimling and Associates Blog

Market news, alerts, and commentary


Entries for month: February 2010

CME Spot Markets - 2/26/2010

Block cheddar cheese closed at $1.3400/lb, down $0.0050/lb with 2 trades.

Barrel cheese closed at $1.2900/lb, down $0.0075/lb with 2 trades.

Butter closed at $1.4050/lb, unchanged with no trades.

Grade A NDM closed at $1.1200/lb, unchanged with no trades.

Extra Grade NDM closed at $1.2400/lb, unchaned with no trades.

Category: From the Trading Floor

Headlines 2/26/2010

Organic Milk 5-Year Boom Now Slows

Murray Goulburn Co-op in Share Raid on Warrnambool Cheese & Butter

Dairy Gets OK to Add 4,000 Cows

The Future of Dairy: Milk in a Bag

 

Category: Headlines

Weekly Slaughter

Dairy cow slaughter for the week ending February 13 was 51,980 head, down 19.5% from the same week last year.

Category: Flashes

CME Spot Markets - 2/25/2010

Block cheddar cheese closed at $1.3450/lb, down $00250/lb with 5 trades.

Barrel cheese closed at $1.2975/lb, down $0.0300/lb with 1 trade.

Butter closed at $1.4050/lb, unchanged with 6 trades.

Grade A NDM closed at $1.1200/lb, unchanged with no trades.

Extra Grade NDM closed at $1.2400/lb, unchanged with no trades.

Category: From the Trading Floor

Headlines 2/25/2010

Australia to Export Dairy Products to China

USDA Projects Brighter Profit Outlooks for Beef, Pork, Dairy in 2010

Ireland Cuts Beef Production, Boosts Dairy

 

Category: Headlines

CME Spot Markets - 2/24/2010

Block cheddar cheese closed at $1.3700/lb, down $0.0250/lb with 16 trades.

Barrel cheese closed at $1.3275/lb, down $0.0325/lb with 9 trades.

Butter closed at $1.4050/lb, unchanged with no trades.

Grade A NDM closed at $1.1200/lb, unchanged with no trades.

Extra Grade NDM closed at $1.2400/lb, unchanged with no trades.

Category: From the Trading Floor

Headlines 2/24/2010

Organic Advocates Optimistic About New USDA Rules

Fonterra Profit Boost, Retention Welcomed

Couple's Suit Against Prairie Farms Milk Marketing Agreement Set for Case Management

Wendy's Debuts Blue Cheese Topped Burger

Bid to be Big Cheese May be Too Pricey

J.M. Smucker Net Soars, Raises View

Dairy Farmers Urged to Look to China

County Gives $31 Millionin Stimulus Bonds to Planned Dairy Plant in Coopersville

 

Category: Headlines

CME Spot Markets - 2/23/2010

Block cheddar cheese closed at $1.3950/lb, unchanged with no trades.

Barrel cheese closed at $1.3600/lb, down $0.0100/lb with 1 trade.

Butter closed at $1.4050/lb, up $0.0300/lb with 4 trades.

Grade A NDM closed at $1.1200/lb, unchanged with no trades.

Extra Grade NDM closed at $1.2400/lb, unchanged with no trades.

Category: From the Trading Floor

Headlines 2/23/2010

WI Closes Milk Production Gap with CA

As Milk Prices Rise, Outlook Brightens for Ag in Upstate New York

Beefed-up Bids Won't Cow Farmers

Murray Goulburn to Continue Push for Warrnambool Cheese

Fonterra Hits Back at Open Country Cheese

Kidney Damage in 12% of Chinese Children Exposed to Melamine-Contaminated Dairy Products

 

Category: Headlines

January Cold Storage

According to the USDA/NASS Cold Storage Report, published at 2:00pm CT today:

 

January 31 AMERICAN-TYPE CHEESE stocks @ 595.3 million pounds, up 11.6% year-over-year and up 1.8% versus December 2009 (that compares to an average December-to-January increase of 0.1% over the previous five years).

 

January 31  TOTAL CHEESE stocks @ 980.8 million pounds, up 11.2% year-over-year and up 1.5% versus December 2009 (that compares to an average December-to-January increase of 1.5% over the previous five years).

 

January 31  BUTTER stocks @ 169.8 million pounds, down 3.8% year-over-year and up 27.7% versus December 2009 (that compares to an average December-to-January increase of 58.4% over the previous five years).

 

For more information on what this might mean to the market, request a free trial subscription to our Dairy Research Service.

Category: Flashes

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