Market Updates for September 5, 2019

Section Type

Dairy | Cheese

The CME Block and Barrel Markets keep being traded in the bull favor.  Current inventory on Cheddar cheese is down and demand is strong.  This should keep the bears in waiting until some ample cheese comes to the market to push it back down.  Speculators feel the bulls will have more of the control for the short term.

Last week:

Block - Down

Barrel - Down

This Week:

Block - Up

Barrel -Up

 

Dairy | Eggs

 The national flock size is down. This is for the most part due to summer flock rotation. Retail demand has also increased.

Last week:

Large -Up

Medium -Up

Small -No Change

This Week:

Large -Down

Medium -Down

Small -No change

Dairy | Butter

Butter production continues to be active and inventories continue to grow; expectations are for butter pricing to stay relatively stagnant on the spot market over the next few weeks prior to the butter inventory is reset with current levels and previous inventory is ‘wiped out'. 

Last week:

Butter -Down

This Week:

Butter -Down

Dairy | Cheese

The CME Block and Barrel Markets keep being traded in the bull favor.  Current inventory on Cheddar cheese is down and demand is strong.  This should keep the bears in waiting until some ample cheese comes to the market to push it back down.  Speculators feel the bulls will have more of the control for the short term.  

Last week:

Block - Down

Barrel - Down

This Week:

Block - Up

Barrel -Up

 

Dairy | Eggs

 The national flock size is down. This is for the most part due to summer flock rotation. Retail demand has also increased.

Last week:

Large -Up

Medium -Up

Small -No Change

This Week:

Large -Down

Medium -Down

Small -No change

Dairy | Butter

Butter production continues to be active and inventories continue to grow; expectations are for butter pricing to stay relatively stagnant on the spot market over the next few weeks prior to the butter inventory is reset with current levels and previous inventory is ‘wiped out'. 

Last week:

Butter -Down

This Week:

Butter -Down