About the author: I am the owner of AgDairy, a full-service commodity brokerage firm providing hedging and marketing programs for grain and dairy, as well as trading in all commodities. AgDairy changed its status in November 2021 and is now the Dairy Division of John Stewart and Associates.
My market knowledge, analysis and practical experience has provided opportunities as a frequent speaker throughout the United States. I am a Dairy Analyst for DTN writing livestock and dairy commentary four times daily for the company as well as audio commentary on the dairy market twice daily for Market Center . I also write a bi-weekly column for “Milk Profit Brief” found on AgWeb.com. I am a consultant for the Gehrson Lehrman Group on various agricultural topics. I have written articles, do radio commentary and have been quoted in various publications as well as continuing my brokerage responsibilities.
I have my office on the active fourth generation family farm.
Price movement in butter over the past 2 1/2 months has been a sight to behold. On August 30th, the butter price was at $2.62 and gained 88 1/2 cents, reaching a record high $3.50 1/4 on October 6th. The price then fell 90 1/4 cents closing at $2.60 on November 10th. We thought the end of 2021 and much of the year 2022 was a wild for butter, but this year tops that period. Even though prices in late 2021 to early 2022 increased $1.24 1/2, it then chopped around for a period before resuming an uptrend eventually reaching a high on October 6, 2022, before the market fell back.