Weekly Forecast Update November 20, 2020
Forecast Updates Reduced most DEC-20 and Q1 2021 prices due to declining CME prices. Increased CME spot NDM prices for December and January 21. No other significant changes this week. Fluid Milk Market USDA announced the December 2020 Advanced Class…
Weekly Forecast Update November 13, 2020
Forecast Updates It is adjusted for spot market changes. Fluid Milk Market Milk supplies remain better-than-year ago levels throughout much of the country. There are some reports that Class III milk in the Midwest is carrying hefty discounts to move…
Weekly Forecast Update November 6, 2020
Forecast Updates Given the election results and the time needed to change-the-guard, while the Senate and the House appear committed to providing more stimulus money – the transition could slow the rollout of new programs. As a result, there could b…
Monthly Forecast, November 2020
Based on the election, it appears the United States will proceed into 2021 with a balanced government – that has markets and business optimistic that some of the election promises of higher taxes on business could be held in check. Additionally, Sen…
Weekly Forecast Update October 30, 2020
Forecast Updates Ceres increased the CME block and barrel forecast through 2021. Additionally, the estimates now have prices starting the year higher and fading into the second half of the year. While the pandemic surges and the strength of the CME …
Weekly Forecast Update October 23, 2020
Forecast Updates Increase the block and barrel cheese prices through January – in turn that lifted the Class I and III price expectations. Modestly increased the Q1/Q2 cheese prices. Based on more discussion of additional food box orders that could …
Weekly Forecast Update October 16, 2020
Forecast Updates Adjusted CME block and barrel prices higher for October, causing the December Class I milk forecast to increase. Higher prices over the next two to three weeks would impact the NDPSR weekly reports that compile the Class I price. Ad…
Weekly Forecast Update October 9, 2020
Fluid Milk Market Weather continues to moderate across the country with cooler weather prevailing across large swaths of the country, helping to lift output per cow. The weather is also helping harvest; although some are reporting, the dry condition…
Monthly Forecast
Forecast Updates Added 2023 to the forecast file for all milk and dairy products. Increased 2020 barrel price forecast. Reduced some of the block-barrel spread. Increased Q4 2020 and Q1 2021 NDM prices slightly. Added seasonality into butter forecas…
Weekly Forecast Update October 2, 2020
Forecast Updates Added 2023 to the forecast file for all milk and dairy products. Increased 2020 barrel price forecast. Reduced some of the block-barrel spread. Increased Q4 2020 and Q1 2021 NDM prices slightly. Added seasonality into butter forecas…