Dairy News for 3-11-10

The butter market continues to edge upward due in part to improving demand. Butter prices could be fairly steady during the next several weeks. The US butter market continues to trade at a notable discount to international prices. The same holds true for US cheese. This is bullish for US dairy exports. The CME cheese markets have been trending modestly lower but buying has intensified as of late suggesting that a market bottom is near. Typically cheese prices are fairly stable during March. Buyers are advised to visit class III milk/cheese contracts.