Dairy Product Sales - Lakefront Futures & Options | Commodity Hedging | Trading

← Back to Archive

Jack Finfer

jack@lakefrontfutures.com
312-347-3877

Dairy Product Sales

🧈 Butter: $1.66/lb (↑7.9¢)
🧀 Cheddar: $1.50/lb (↓1.9¢)
🥛 NDM: $1.71/lb (↓8.0¢)

Analysis

$1.7059 on NDM, down 8¢ and the eighth decline in nine weeks. That is over 40¢ of losses since late May. Cheddar broke below $1.50 for the first time at $1.4961, the weakest cash block print in this data going back months. Butter ripped 7.9¢ higher to $1.6590.

Friday’s WASDE caught down across the board. NDM got cut 8.5¢ to $1.615, cheese got cut 4¢ to $1.570, butter got cut 5¢ to $1.690, and milk production got raised another 200 million pounds to 236.6B. Cash cheddar at $1.50 is already trading 7¢ below the new forecast, which means USDA still hasn’t caught up to where blocks actually are. Class IV took the worst of it, down 95¢ to $18.40. The whole complex is repricing lower.

Archive and Dashboard

Want to talk this report over with an expert?

Schedule a free 15 minute consultation here

Know someone who’d want these briefings?

Share the Sign-Up Page

Lakefront Futures · https://www.lakefrontfutures.com/dashboard/

325 West Huron Street, Suite 512, Chicago, IL 60654 · (312) 347-3877

Lakefront Futures is an NFA registered firm. This email is for informational purposes only. Nothing constitutes a solicitation, an offer, or trading or investment advice. Futures and options trading involves substantial risk of loss and is not suitable for all investors.

Link copied