Weekly forecast update – Dec. 8, 2023
Forecast updates It should be noted Ceres has not yet incorporated FMMO changes into the 2025-2026 forecast. Given the current pace of the hearing, there seems unlikely to be any impact in 2024. This week did little to significantly change the 2024 price outlook outside of some recalibration for spot markets. Class III-Cheese-Whey: All of the changes this week were Read more
Weekly forecast update – Dec. 1, 2023
Forecast updates It should be noted Ceres has not yet incorporated FMMO changes into the 2025-2026 forecast. Given the current pace of the hearing, there seems unlikely to be any impact in 2024. This week did little to significantly change the 2024 price outlook outside of some recalibration for spot markets. Class III-Cheese-Whey: Cheese demand is performing well and keeping Read more
Monthly forecast – December 2023
Forecast updates It should be noted Ceres has not yet incorporated FMMO changes into the 2025-2026 forecast. Given the current pace of the hearing, there seems unlikely to be any impact in 2024. This week did little to significantly change the 2024 price outlook outside of some recalibration for spot markets. Class III-Cheese-Whey: Cheese demand is performing well and keeping Read more
Weekly forecast update – Nov. 24, 2023
Forecast updates It should be noted Ceres has not yet incorporated FMMO changes into the 2025-2026 forecast. Given the current pace of the hearing, it seems unlikely that there would be any impact in 2024. The holiday week did little to shift the forecast direction. Class III-Cheese-Whey: No significant changes – some adjustments lower for blocks and barrels based on Read more
Weekly forecast update – Nov. 17, 2023
Forecast updates It should be noted Ceres has not yet incorporated FMMO changes into the 2025-2026 forecast. Given the current pace of the hearing, it seems unlikely that there would be any impact in 2024. This week did little to significantly change the forecast outside of some recalibration for spot markets. Class III-Cheese-Whey: No significant changes – some adjustments lower Read more
Weekly forecast update – Nov. 10, 2023
Forecast updates It should be noted Ceres has not yet incorporated FMMO changes into the 2025-2026 forecast. Given the current pace of the hearing, it seems unlikely that there would be any impact in 2024. This week did little to significant change the forecast outside of some recalibration for spot markets. Class III-Cheese-Whey: Right now there is discussion that retailers Read more
Weekly forecast update – Nov. 3, 2023
Forecast updates It should be noted Ceres has not yet incorporated FMMO changes into the 2025-2026 forecast. Given the current pace of the hearing, it seems unlikely that there would be any impact in 2024. After reviewing the latest data, it seems that 2024 is modestly better than 2023, but for many products, there may be little daylight between the Read more
Monthly forecast – November 2023
Forecast updates It should be noted Ceres has not yet incorporated FMMO changes into the 2025-2026 forecast. Given the current pace of the hearing, it seems unlikely that there would be any impact in 2024. After reviewing the latest data, it seems that 2024 is modestly better than 2023, but for many products, there may be little daylight between the Read more
Weekly forecast update – Oct. 27, 2023
Forecast updates Cheese: Adjusted Q4 prices based on spot markets. Butter: No significant changes – adjusted October and November based on spot markets. NDM: No significant changes this week. Whey Lifted whey forecast through 2026. Returned prices to the 40-cent level. Milk Market Despite a higher Class I price in November than August – $3.13/cwt more. The Class I skim Read more
Weekly forecast update – Oct. 20, 2023
Forecast updates Cheese: Adjusted Q4 prices based on spot markets. Increase barrel prices through year-end Reduced NOV23 blocks by a few cents. Butter: No significant changes – adjusted October based on spot markets. NDM: Increased Q4 2023 forecast. Raised 2024 forecast across all periods. Whey Lifted whey forecast through 2026. Prices are rising faster than anticipated based on stronger demand Read more