Blimling and Associates Blog

Blimling and Associates Blog

Market news, alerts, and commentary


CME Spot Markets - 9/3/2010

Block cheddar cheese closed at $1.7200/lb, unchanged with no trades.

Barrel cheese closed at $1.6850/lb, up $0.0150/lb with no trades.

Butter closed at $2.2250/lb, unchanged with no trades.

Grade A NDM closed at $1.2300/lb, unchanged with 1 trade.

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

Category: From the Trading Floor

Headlines - 9/3/2010

FDA Charges Dairy with Selling Contaminated Cows

China Push for NZ Land Prompts Farmers to Demand Reciprocal Deal

NZX to Initiate Dairy Futures Trading

China: Imported US Baby Formula Unsafe

Fonterra Works on Trading Platform

  

Category: Headlines

July Dairy Products

According to the USDA/NASS Dairy Products Report, released at 2:00pm CT today:

 

July AMERICAN-TYPE CHEESE production @ 368.9 million pounds, up 4.0% versus July 2009 and down 0.3% from the previous month (that compares with an average June - July increase of 0.1% over the previous five years) 

 

July CHEDDAR CHEESE production @ 276.5 million pounds, up 2.6% versus July 2009 and down 3.3% versus the previous month (that compares with an average June - July decrease of 0.1% over the previous five years)

 

July MOZZARELLA CHEESE production @ 291.8 million pounds, up 6.6% versus July 2009 and up 0.4% versus the previous month (that compares with an average June - July decrease of  1.5% over the previous five years) 

 

July TOTAL CHEESE production @ 882.3 million pounds, up 4.7% versus July 2009 and up 0.2% versus the previous month (that compares with an average June - July decrease of 0.8% over the previous five years)

 

July BUTTER production @ 111.0 million pounds, down 2.9% versus July 2009 and down 5.3% versus the previous month (that compares with an average June - July decrease of 4.2% over the previous 5 five years)

 

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

Category: Flashes

Weekly Slaughter

Dairy cow slaughter for the week ending August 21 was 50,665 head, down 12.9% from the same week last year.

 

This puts slaughter down 4.0% YTD through week 34.

 

Category: Flashes

CME Spot Markets - 9/2/2010

Block cheddar cheese closed at $1.7200/lb, up $0.0100/lb with no trades.

Barrel cheese closed at $1.6700/lb, down $0.0050/lb with 5 trades.

Butter closed at $2.2250/lb, unchanged with no trades.

Grade A NDM closed at $1.2300/lb, up $0.0150/lb with 1 trade.

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

Category: From the Trading Floor

Headlines - 9/2/2010

Wimm-Bill-Dann Second Quarter Net Falls 32% on Milk Procurement

Milk Powder Prices Increase at Auction, Fonterra Says

August Milk Prices Expected to Improve

Tainted Milk Controversy Off Limits to Chinese Media

Maine Organic Milk Company Struggles as Money Runs Out

India: Amul's Non-Cooperative Movement

Cheese Plant to Locate in Swanton

Franken Wants to Hear from Dairy Producers

      

Category: Headlines

CME Spot Markets - 9/1/2010

Block cheddar cheese closed at $1.7100/lb, unchanged with no trades.

Barrel cheese closed at $1.6750/lb, up $0.0100/lb with no trades.

Butter closed at $2.2250/lb, up $0.0100/lb with no trades.

Grade A NDM closed at $1.2150/lb, unchanged with no trades.

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

Category: From the Trading Floor

September globalDairyTrade Results

Trading Event 27 was held today with the following results:

The average price for all AMF was 4,681 USD/MT FAS, up 8.8% from the August auction.

The average price for all SMP was 3,197 USD/MT FAS, up 15.4% from the August auction.

The average price for all WMP was 3,522 USD/MT FAS, up 18.4% from the August auction.

The average price of all BMP was 3,199 USD/MT FAS, up 10.1% from the August auction.

For more information as to what this might mean to the markets, request a free trial subscription to the Dairy Research Service.

Category: Flashes

Headlines - 9/1/2010

Dean Foods Advances on Speculation Danone Will Make an Offer

ID Passes NY in Milk Production Race

Friesland Campina Profit Doubles, Cautious on Europe

Farm Groups Pleased with Romanski as DATCP Secretary

Category: Headlines

CME Spot Markets - 8/31/2010

Block cheddar cheese closed at $1.7100/lb, up $0.0150/lb with no trades.

Barrel cheese closed at $1.6650/lb, unchanged with no trades.

Butter closed at $2.2150/lb, up $0.0350/lb with 2 trades.

Grade A NDM closed at $1.2150/lb, up $0.0150/lb with no trades.

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

Category: From the Trading Floor

This information has been compiled for the benefit of Blimling and Associates clients and is for informational purposes only. Blimling and Associates assumes no responsibility or liability for any information found on external websites. Inclusion of any item does not constitute any endorsement of any kind. This information is carefully compiled but not guaranteed to be complete or free from error; nor does it constitute a solicitation to buy or sell futures/options contracts. Futures and options trading involves risk. Contact a licensed professional for more information.