After a week of trade war headlines, dairy markets started the week on a quiet note. What little action there was showed buyers willing to own NDM and cheese at these levels. Class III futures opened around a dime down with fears that last week’s headlines may continue. Last week, the U.S. dollar had the worst week-to-week performance since 1995 and that, combined with global dairy price premiums, should spark some export interest and support domestic prices.
Today’s Highlights from Ever.Ag’s Know Your Markets
CME barrels dropped another 2.5 cents today, settling at $1.6050 per pound, the lowest price since December. Spot blocks gained some ground, rising to $1.6325, a penny gain. Five lots of blocks and one of barrels traded. The only other movement was in spot NDM, which ticked up a quarter cent to $1.1575 per pound, with three loads exchanged.
By Ever.Ag
March 10, 2025
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