Weekly forecast update – June 11, 2021
Forecast updates Reduced the CME block markets for June and July as well as block markets September to December. That has reduced the block-barrel spread. It has also adjusted the Class I and III milk prices. Reduced the CME butter price June to September. It could take further depletion driven by recovering foodservice, exports and government removals to increase prices. Read more
Weekly forecast update – June 4, 2021
Forecast updates Reduced the Class I milk forecast for Q3 2021 vs. last month due to modestly lower cheese outlook and recent decline in spot CME cheese prices that will lower the July Class I advanced milk price. Other months are relatively similar; however, Class I Q4 2022 did drop for similar reasons – lowered commodity prices for later in Read more
Monthly forecast update – June 2021
Reduced the Class I milk forecast for Q3 2021 vs. last month due to modestly lower cheese outlook and recent decline in spot CME cheese prices that will lower the July Class I advanced milk price. Other months are relatively similar; however, Class I Q4 2022 did drop for similar reasons – lowered commodity prices for later in 2022. Ceres Read more
Weekly Forecast Update – May 28, 2021
Forecast Updates • USDA announced the May Class III & IV prices next week – not updates to May this week. • Closed May CME and DMN prices. • Modest changes June and July prices based on markets. • Given current markets no significant changes this week to the forecast. Fluid Milk Market Memorial Day resembles normal this year compared Read more
Weekly forecast update – May 21, 2021
Forecast updates Class I June milk price announced. Modest changes to Q2 pricing due to fluctuations in spot markets. Given current markets no significant changes this week to the forecast. Fluid Milk Market USDA’s AMS announced the June Class I Advanced Milk price at $18.29/cwt. – that was $1.26/cwt. more than May and the highest price so far this year. Read more
Weekly forecast update – May 14, 2021
Forecast updates Modest changes to Q2 pricing due to fluctuations in spot markets. Slight adjustments to June to September whey prices – slight reductions due to spreading African swine fever in China that could reduce future demand. Some of those changes impacted milk prices also. Fluid Milk Market Milk production remains seasonally high but similar to past weeks, with several Read more
Weekly forecast update – May 7, 2021
Forecast updates Modest changes to Q2 pricing with most of the changes to buttermilk powder, whey and NDM. Slight adjustments to June 2021 CME block and barrel prices. Some of those changes impacted milk prices also. Fluid Milk Market USDA’s AMS announced the April Class III and IV milk prices this week at $17.67/cwt and $15.42, respectively, $1.52 and $1.24, Read more
Weekly forecast update – April 30, 2021
Forecast updates Given current international demand and better-than-expected US foodservice and government pull – increased the Class IV and Class III milk prices. For Class III, that increased the 2021 average price to $18.44/cwt., up from $17.73 last month. Q2 and Q3 reflected most of the increases. Adjusted May and June prices higher given strong demand at the CME supporting Read more
Weekly forecast update – April 23, 2021
Forecast updates Adjust prices for spot markets. Adjusted the CME spot cheese prices – increased MAY slightly and reduced the block-barrel spread for the remainder of the year. Modified spot prices for current markets. Increased whey prices through Q3 based on current markets. Left butter unchanged. Updated the May 2021 announced Class I price and the Class II skim values. Read more
Weekly forecast update- April 16, 2021
Forecast updates Adjust prices for spot markets. Made slight modifications to Q2 prices based on markets that are higher, but reflecting a slowdown increases and periods of decline that could cause prices to be modestly less than last week’s forecast. Maintained Q3 forward forecast. Fluid Milk Market The weather is mixed, and it is having some impact on milk intake Read more