News

So far it has been a pretty nice week for dairy

Cash cheese prices on the Chicago Mercantile Exchange nudged higher on Wednesday prompting some nice increases in the Class III futures for 1010. Cheese has been range-trading for a while now and this could be around the top of that range.

We are apparently past “flush” in the Midwest, Dairy Market News reports most if not all Midwestern plants are seeing milk intakes decline from seasonal highs. Cheese yields are also lower. Most of the plants will take an extra day off for the July 4th weekend.

Daily Dairy Report says American cheese consumption improved from February through April, commercial disappearance increased 1.3% for the period after five months of declines and total cheese use was up 1.6 percent. Butter use for the period was down 2.1 percent and nonfat dry milk/skim milk powder use increased 11.6 percent

The June all-milk price should be $15.80 per cwt, up 70 cents from May. National Ag Statistics Service says all states will see an increase in their milk price with the biggest jump in Pennsylvania up $1.00 to $17.90, Michigan and New York producers will see a 90-cent increase to $16.50 and $16.90 respectively. California will be 70 cents higher but still the lowest in the country at $14.50 while Wisconsin producers gain 20 cents to $15.10 per hundredweight. New Mexico’s price will be higher than Wisconsin at $15.30.