Dairy Opportunities

Commodity Trading Company with a focus on dairy derivatives. Opinion tweets.

[Dairy Opportunities @dairyopps]

@ronh999dairy Hi

[Karen Braun @kannbwx]

USDA: #Soybean plantings down 1.2 million acres from last year. Kansas, Minnesota, and Ohio contribute 0.25 million apiece to that decline. #Soy acres up in the Delta states, Indiana, and Wisconsin.

[Ronhdairy @ronh999dairy]

The story in dairy this year is the huge increases in milk and even higher butterfat production. Especially from CA.

[Ronhdairy @ronh999dairy]

US Feb milk production was +1.8% YoY but butterfat production is up 3.15% YoY. Highest per day in history for any month.
https://t.co/Kg1ZbkBn5J

[Ronhdairy @ronh999dairy]

US Feb butterfat milk and cow percent YoY data by region.
https://t.co/n9a3Ns94za

[Ronhdairy @ronh999dairy]

USDA Europe cheese report says milk production is stronger than cheese production needs. Cheese inventories are growing.

[Ronhdairy @ronh999dairy]

USDA Midwest cheese report says spot loads of milk are at $2-3 under class

[Ronhdairy @ronh999dairy]

Jan NFDM inventory +113.4 YoY
https://t.co/Kg1ZbkBn5J

[Ronhdairy @ronh999dairy]

Jan American cheese production +10.9 mil YoY
https://t.co/Kg1ZbkBn5J

[Ronhdairy @ronh999dairy]

CWT assistance YTD after 8 weeks of 2018 is +10.176 mil YoY for cheese and +2.03 mil YoY for butter

[Ronhdairy @ronh999dairy]

US Jan milk production was +1.8% YoY but US butterfat production was +3.1% YoY because US was 5 points higher YoY at 3.97%.

Higher butterfat percent/milksolids leads to higher cheese yield from the milk.

[Ronhdairy @ronh999dairy]

US cheddar cheese at retail (CPI data) in Dec 2017 was +1.1% higher YoY at $4.95 per lb. But NDPSR Dec cheese price to dairymen was 8.4% LOWER YoY at 1.6481.

[Ronhdairy @ronh999dairy]

US Aug cheese stats. US commercial disappearance of cheese was only +0.3% YoY

[Ronhdairy @ronh999dairy]

US NFDM inventory +72.9 mil lbs YoY or +31%. I have data to 2000 & this is highest NFDM inventory in all those years
https://t.co/qRdRQ9H5wm

[Ronhdairy @ronh999dairy]

US Aug American cheese production +5.8 mil lbs YoY or +1.5%
https://t.co/qRdRQ9H5wm

[Ronhdairy @ronh999dairy]

US Aug butter & Milkfat exports +3.95 mil YoY
https://t.co/qRdRQ9H5wm

[Ronhdairy @ronh999dairy]

US Aug total cheese imports -3.9 mil YoY
https://t.co/qRdRQ9YGnU

[Ronhdairy @ronh999dairy]

US Aug milk production +2% but butterfat production +3.7% YoY. US up 6 points YoY. From 3.66 to 3.72.
https://t.co/qRdRQ9H5wm

[Ronhdairy @ronh999dairy]

CME cash block-barrel cheese spread. Summer 2016 very low. Summer 2017 very high. First 3 weeks of Sep 2016 & 2017 about the same

[Ronhdairy @ronh999dairy]

CME cash block & barrel cheese June thru Oct prices since 2011 (atypical 2014 removed) plus chart with averages
https://t.co/qRdRQ9H5wm