There was effectively one less week to fill and ship orders in December, so that demand fell in November, helping push prices higher. The top stock was AuMake (ASX:AU8) with a 39 per cent jump in its share price during August. We use cookies to understand how you use our site and to improve your experience. The upward movement in the GDT price is supportive to global prices over the next few weeks before the next Event. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The industry with the worst average Zacks Rank (251 out of 251) would place in the bottom 1%. US cheese prices fell during December with an especially dramatic drop in the price for barrel cheese from $2.26 on December 2 to $1.57 on December 17. In retrospect, this helps explain the cheese price rally in October and November. In addition, NFDM demand from cheese plants has fallen as class 3 skim milk prices decline. NASDAQ data is at least 15 minutes delayed.This site is protected by reCAPTCHA and the Google Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The main watch-out is Chinese demand. Global prices have converged in the low-mid $0.30’s with forecasts for gradual increases over the year. This includes personalizing content and advertising. Each of the company logos represented herein are trademarks of Verizon Media; Microsoft Corporation; Nasdaq, Inc.; Dow Jones & Company; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc.At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Total cheese stocks at the end of November remained below year ago by 2.1%, but anecdotal reports note improving supplies in December, validated by declining cheese prices through the month. above last year. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.33% per year. The year-over-year gap is the smallest since July 2018.

Get the First Calendar Made for Traders.Industry Earnings Trends highlight the number of companies in that industry that have reported, and shows whether they've Beat, Met, or Missed their consensus estimates.Industries with a higher percentage of companies that have Beat (Positively Surprised) usually means that something good is happening to that group as a whole for so many companies to be positively surprising. This also includes companies that process dairy byproducts. Cow numbers were 7% below last year to start the season and the mood of the farmer is not good.In other key countries, milk production was mixed last year. By the end of October, the American cheese days of supply was near 10-year lows. Delayed quotes by Sungard.NYSE and AMEX data is at least 20 minutes delayed. October total US cheese production was down 1.4% vs. prior year, a rare decline and the largest year-over year drop since July 2011. For more than 15 years, Mike worked in dairy, meat, and grain management roles at Kraft Foods where he was responsible for the commodity risk management for dairy and meat, dairy policy, sourcing of dairy commodities, and corn purchasing.CME Group is the world's leading and most diverse derivatives marketplace. In the US, butter production and stocks have been above year ago levels since June due to ample cream supplies and additional butter production capacity. November milk powder production in the US rose 7% vs. October on a daily basis. There has been renewed buying interest in January as companies backfill inventories and get ready for the Super Bowl weekend, one of the largest cheese demand events of the year. Feed availability and compliance to environmental regulations are expected to keep cow numbers in check. To learn more, You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Avg Industry Zacks Rank is calculated by averaging the Zacks Rank for all stocks within the specific industry.The total number of brokers covering the stocks within the specific industry. Year to Date (YTD) Return shows the median percentage price change for the respective equally-weighted Industry since the beginning of the year.The Food - Dairy Products Industry, part of the Consumer Staples Sector, is currently ranked in the top 47% of industries. China imported over 62,000 MT of WMP in November, which was the second highest monthly volume in 2019 and the second largest for any month of November.

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