Blimling and Associates Blog

Blimling and Associates Blog

Market news, alerts, and commentary


Entries for month: July 2010

Headlines - 7/26/2010

Cadbury Hit as Staff Quit

Russians to Feel Heat of Milk Price Rises

Exports Help Keep EU Cheese Market Firm

Death of the Farm?

Johanns Proposes Bill to Get EPA to Drop Dairy Tank Provision

Russia: Putin Holds Meeting with Zubkov

WEATHER:

Kaukauna, WI:  Highs in the 80's, Lows in the 60's

Lancaster, PA: Highs in the 80's, Lows in the 60's 

Roswell, NM: Highs in the 90's, Lows in the upper 60's

Tulare, CA: Highs in the 90's; Lows in the mid-60's 

Twin Falls, ID: Higs in the 90's, Lows in the low 60's

Category: Headlines

CME Spot Markets - 7/23/2010

Block cheddar cheese closed at $1.6025/lb, unchanged with 5 trades.

Barrel cheese closed at $1.5600/lb, unchanged with 2 trades.

Butter closed at $1.8000/lb, unchanged with no trades.

Grade A NDM closed at $1.2100/lb, down $0.0075/lb with no trades.

Extra Grade NDM closed at $1.2250/lb, unchanged with no trades.

Category: From the Trading Floor

Headlines - 7/23/2010

Dairy Farmers in WI Have Strong Month

Grassley Tries to Address EPA Overreach on Agriculture

Australia: For Sale Signs Go Up as Milk Business Sours

India's 'You Name It' Inflation Raises Pressure on Singh, RBI

Papa John's Lays Off 30 HQ Employees

EPA's Plan Could Cost Dairy Farmers

PAI Partners Mulls Sale of 50% Stake in Yoplait

Thai Dairy Reps Eye NZ Assistance

WEATHER:

Kaukauna, WI:  Highs in the 80's, Lows in the 60's

Lancaster, PA: Highs in the 90's, Lows in the 60's 

Roswell, NM: Highs in the 90's, Lows in the upper 60's

Tulare, CA: Highs in the 100's; Lows in the mid-60's 

Twin Falls, ID: Higs in the 90's, Lows in the low 60's

Category: Headlines

June Cold Storage

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

                                 

June 30 AMERICAN-TYPE CHEESE stocks @ 628.4 million pounds, up 4.4% year-over-year and up 2.2% versus May 2010 (that compares to an average May-to-June increase of 1.0% over the previous five years).

 

June 30  TOTAL CHEESE stocks @ 1,026.6 million pounds, up 4.0% year-over-year and up 1.0% versus May 2010 (that compares to an average May-to-June increase of 1.1% over the previous five years).

 

June 30  BUTTER stocks @ 197.9 million pounds, down 24.7% year-over-year and down 6.9% versus May 2010 (that compares to an average May-to-June increase of 0.4% over the previous five years).

 

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

Category: Flashes

Weekly Slaughter

Dairy cow slaughter for the week ending July 10 was 42,912 head, down 11.3% from the same week last year.

 

This puts slaughter down 5.5% year-over-year, YTD through week 28.

 

Category: Flashes

CME Spot Markets - 7/22/2010

Block cheddar cheese closed at $1.6025/lb, unchanged with 1 trade.

Barrel cheese closed at $1.5600/lb, unchanged with 6 trades.

Butter closed at $1.8000/lb, up $0.0100/lb with 1 trade.

Grade A NDM closed at $1.2175/lb, unchanged with no trades.

Extra Grade NDM closed at $1.2250/lb, unchanged with no trades.

Category: From the Trading Floor

Headlines - 7/22/2010

Schumer: Exempt Dairies from Rule

'Cow Wash' Massages Increase Milk Production, Says Farm Supplier

Nilsestuen, WI State Ag Secretary, Drowns in Lake Superior

EU Dairies Milk US Taste for Specialty Cheese

Meister Cheese Plans Major Expansion

In Ice Cream Sales, No Sign of a Double Dip

Olam Takeover Bid May Struggle After 50.1%, Says Broker    

WEATHER:

Kaukauna, WI:  Rainy, Highs in the 80's, Lows in the upper 60's

Lancaster, PA: Rainy, Highs in the upper 80's, Lows in the 70's 

Roswell, NM: Highs in the 90's, Lows in the 60's

Tulare, CA: Highs in the 100's; Lows in the 60's 

Twin Falls, ID: Higs in the 90's, Lows in the low 60's

Category: Headlines

CME Spot Markets - 7/21/2010

Block cheddar cheese closed at $1.6025/lb, up $0.0025/lb with no trades.

Barrel cheese closed at $1.5600/lb, up $0.0325/lb with no trades.

Butter closed at $1.7900/lb, up $0.0050/lb with no trades.

Grade A NDM closed at $1.2175/lb, unchanged with no trades.

Extra Grade NDM closed at $1.2250/lb, unchanged with no trades.

 

Category: From the Trading Floor

Headlines - 7/21/2010

Raw Milk Worth Risks? Enthusiasts Drink Up Despite Warnings From FDA

Farmer's Fight Over Raw Milk Lands in Courtroom

Milk Traders Shrug Off Bearish USDA Data, Fixate on July Heat

Struggling Farmers Start to See Turnaround in Milk Price Market

More Cheese Please, Dairy lndustry Says

Dairy Support Sought

UK: British Meat and Dairy is Destroying Rainforests

Nestle Names Argentine Chief to Brazil Dairy Unit

Kiwis May Get Another Crack at Synlait Investment

UK: Dairy Industry Supports Decision to Carve up FSA

CA: Workshop on Dairy Insurance Program

WEATHER:

Kaukauna, WI:  Rainy, Highs in the 80's, Lows in the upper 60's

Lancaster, PA: Rainy, Highs in the upper 80's, Lows in the 70's 

Roswell, NM: Highs in the 90's, Lows in the 60's

Tulare, CA: Highs in the 100's; Lows in the 60's 

Twin Falls, ID: Higs in the 90's, Lows in the low 60's

Category: Headlines

CME Spot Markets - 7/20/2010

Block cheddar cheese closed at $1.6000/lb, up $0.0225/lb with no trades.

Barrel cheese closed at $1.5275/lb, up $0.0025/lb with no trades.

Butter closed at $1.7850/lb, up $0.0050/lb with no trades.

Grade A NDM closed at $1.2175/lb, unchanged with no trades.

Extra Grade NDM closed at $1.2250/lb, unchanged with no trades.

Category: From the Trading Floor

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