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Livestock economist: Don’t get lulled to sleep by record prices

A livestock economist says the cattle market could see even more volatility and having a risk management plan is critical.  University of Missouri’s Scott Brown says, “Don’t get lulled to sleep by record prices.” He says placements jumped significantly in May and were outside... Read More.

CME cash dairy prices mostly lower Monday

Cash dairy prices were mostly lower Monday on the Chicago Mercantile Exchange.  Dry whey was unchanged at $0.47.  No sales were recorded.  Forty-pound cheese blocks were up $0.0450 at $1.89.   Two sales were recorded at $1.86 to $1.89.  Cheese barrels were down $0.0050 at $1.9150. One sale was recorded... Read More.

CME cash dairy prices mostly lower Friday

Cash dairy prices were lower Friday except for butter on the Chicago Mercantile Exchange.  Dry whey was down $0.01 at $0.47.  One sale was recorded at that price.  Forty-pound cheese blocks were down $0.0075 at $1.8450.   Eleven sales were recorded, ranging from $1.8450 to $1.88.  Cheese... Read More.

CME cash dairy prices mostly lower Thursday

Cash dairy prices were mostly lower again Thursday on the Chicago Mercantile Exchange.  Dry whey remains unchanged at $0.48.  No sales were recorded.  Forty-pound cheese blocks were down $0.0075 at $1.8525.   Thirteen sales were recorded, ranging from $1.8450 to $1.86.  Cheese barrels were down $0.01... Read More.

CME dairy prices see pre-holiday dip

Cash dairy prices were mostly lower Tuesday on the Chicago Mercantile Exchange.  Dry whey was unchanged at $0.48.  No sales were recorded.  Forty-pound cheese blocks were down another $0.0550, or eleven cents in two days at $1.86.   Six sales were recorded, ranging from $1.86 to... Read More.

CME cash dairy prices mixed Monday

Cash dairy prices were mixed Monday on the Chicago Mercantile Exchange.  Dry whey was up $0.01 at $0.48.  One sale was recorded at that price.  Forty-pound cheese blocks were down $0.0550 at $1.9150.   Four sales were recorded, ranging from $1.9150 to $1.96.  Cheese barrels were... Read More.

CME cash dairy prices mostly steady to higher Thursday

Cash dairy prices were steady to higher except for butter Thursday on the Chicago Mercantile Exchange.  Dry whey was unchanged at $0.48.  No sales were recorded.  Forty-pound cheese blocks were up $0.0450 at $1.9825.   Four sales were recorded, ranging from $1.93 to $1.97.  Cheese barrels were up... Read More.

CME cash dairy prices mostly higher

Cash dairy prices closed mostly higher on the Chicago Mercantile Exchange at midweek with limited demand. Dry whey up $0.0050 at $0.48. Blocks up $0.0025 at $1.9375. Five sales were sold at $1.9375 to $1.9475. Barrels unchanged at $2.01. Three sales were sold at $2.01 and... Read More.

Strong demand expected to lift dairy prices

The USDA is forecasting milk production for this year and next to remain unchanged from last month’s estimate. In the latest supply and demand report, the USDA raised its butter, cheese, whey, and nonfat dry milk price forecasts for 2024 because of recent price... Read More.

CME cash dairy prices higher

Cash dairy prices ended higher on the Chicago Mercantile Exchange Tuesday.  Dry whey up $0.0050 at $0.4750.  One trade was sold at that price. Blocks up $0.0375 at $1.9350. Two sales were sold at that price. Barrels up $0.0425 at $2.01. Two sales were sold at... Read More.

USDA February ag prices indices up from January

The USDA’s February ag price indices were up from January. The index of prices received by farmers was up 7.1% on the month due to gains in cattle, hogs, market eggs, and lettuce, which canceled out losses in corn, soybeans, wheat, and broilers. The dairy... Read More.

IL land prices “steady-to-up” in annual report

A recent report from the Illinois Society of Professional Farm Managers and Rural Appraisers shows Illinois farmland values were strong in 2023 despite a weaking farm economy. Luke Worrell, with Worrell Land Services in Jacksonville, tells Brownfield the results were a surprise… “A year ago... Read More.