Block Barrel Spread – 2018

Over the last two years, there has been a lot of talk about the historically wide spread between Chicago Mercantile Exchange (CME) block and barrel cheese prices. Various reasons have been offered up, but the causes are rooted in several supply and demand factors....

What’s Next for US Dairy Plant Capacity

Over the last few years, milk processing capacity, or the lack of it, has been frequently discussed. U.S. milk production continues to grow, the equivalent of more than 7.5 million pounds per day each year. The United States has added a significant amount of milk...

Evolution of Dairy Price Discovery

The evolution of dairy price discovery and risk management While still new in some parts of the world, dairy futures trading started in the early to mid-1990s in the United States at both the New York Coffee, Sugar and Cocoa Exchange and the Chicago Mercantile...