December 27, 2017
Global Dairy Weekly (week ended Dec 22, 2017)
An eFeedLink Exclusive
By JERRY DRYER and MATT GOULD, DAIRY & FOOD MARKET ANALYST
USA market sentiment turns even more bearish
Philadelphia, PA–Negativity seemed to spread in the USA this week. Farmers that we spoke to lamented the below cost of production prices. In 1Q18, Class III and IV futures now start in the $13s. Processors, having filled holiday demand, say inventories of cheese and butter are growing. USDA's "Dairy Market News" reported spot loads of milk traded at huge discounts: $4.00 to $8.00 below Class prices this week in the Midwest. One thing is clear: The winter blues have arrived.
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