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Dairy Report
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Dairy- The October milk-feed price ratio was the highest since March 2008 suggesting improving profitability for milk farmers. Still, a general milk production slowdown is anticipated to persevere deep into 2010. International dairy prices are moving notably upward which is concerning especially for domestic cheese prices. The CME cheese markets are modestly higher this week but buyer interest is reported to be waning. The CME butter market has climbed to its highest level in nearly a year. The butter market usually peaks soon and then moves roughly $.05-$.10 lower.

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Market Trend |
Supplies |
Price vs. Last Year |
Cheese Barrels- CME |
Increasing |
Good |
Lower |
Cheese 40 lb Blocks- CME |
Increasing |
Good |
Lower |
American Cheese |
Increasing |
Good |
Lower |
Cheddar Cheese |
Steady |
Good |
Lower |
Mozzarella Cheese |
Increasing |
Good |
Lower |
Provolone Cheese |
Increasing |
Good |
Lower |
Parmesan Cheese |
Increasing |
Good |
Lower |
Butter- One lb Solids |
Increasing |
Good |
Lower |
Nonfat Dry Milk |
Increasing |
Good |
Higher |
Whey, Dry |
Increasing |
Good |
Higher |
Class I Milk Base |
Steady |
Good |
Lower |
Class II Cream (Heavy Cream) |
Increasing |
Good |
Lower |
Class III Milk- CME |
Increasing |
Good |
Lower |
Class IV Milk- CME |
Increasing |
Good |
Lower |
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