Podcast Description
In this episode of Ag Smarter Tech Talk, Cody and Andy analyze a fast-moving dairy market marked by sharp rallies in butter and cheese prices. They discuss cold storage data, futures signals, technical trends, and whether current momentum could push prices past key resistance levels. The conversation also touches on seasonal factors, milk production trends – and what traders should watch as new-crop orders approach.
They also examine how strong US nonfat prices and high global milk production could shape markets in the months ahead.
Tech Talk Breaks Down a Wild Dairy Market Rally
Transcript
00;00;00;21 – 00;00;08;28
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Future trading involves risk not suitable for all investors. Content provided in this segment is meant for educational purposes and is not a solicitation to buy or sell commodities.
00;00;09;01 – 00;00;12;00
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Hello, everybody. Welcome to AG smarter tech talk. I’m Cody.
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He is Andy. It is the 25th
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of February. Feels like the 97th day of February. But here we are live on TikTok. This winner has drag on forever.
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We’re here.
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The.
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I know the sad. It’s thing is like March is going to be here and it’ll kind of mirror or meander around March and April. You know, you get one more snow, maybe two more, and just kicks right in the teeth.
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I am I feel like it woke up like, yeah, I’m going to make today my day.
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And we did not. People are too busy in the market trying to figure out what’s going on.
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Right up.
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Yeah.
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Oh I know.
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I had I feel like we were going to I thought we were going to drift a little bit farther. I’m surprised. You know, we stopped at what, a dollar. Those are low here.
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Lower. I thought I thought butter was going to take. You know, when we were down at $1.30, I think I was calling for maybe a little bit lower, like $1.20 ish. So Mr.. By $0.10. But we rallied and then we got cold storage yesterday, which has already promptly pushed butter futures limit up. But man this this market has been crazy.
00;02;04;08 – 00;02;16;03
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We, we went from $1.30, stopped on a dime and just went where we are right now. Dari one.
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Yeah.
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Yeah.
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Have you said you.
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Right. So 215. You think? Ish.
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Oh, yeah.
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Yeah.
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Two it is right there.
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Yeah.
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Yeah. I don’t think we’ve seen a rally like this since Food Bucks. Right?
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Yeah, right.
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Yeah.
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Yes, sir.
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Well, you know, on the.
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Yep.
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Yes, they have.
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What’s my call? If you get the way this trade right now, I think you’re going to go test that $2, 212 number. And from there, man, I think I. Yeah.
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Yeah.
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Do you think that it happens today’s Wednesday. Do you think it happens by Friday before we roll into the new crop on next Monday. No. Okay.
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Yeah.
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You know. Yeah.
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You can go.
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Right. Great.
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Correct. Yeah. Okay.
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Hey, fab. Look at that.
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Yeah, we’re at 156 right now.
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Yep.
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Told.
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Which breaks out of the downtrend.
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Yeah.
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Wow.
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Yeah.
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Yes. It is.
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Yeah.
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Look at.
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Yes, it is.
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A little stair step action going on here.
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Similar. That’s baseball movie ever made.
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The great. No, it’s a classic.
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The change is on me again. Then they.
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There we go. There we go. Oh, interesting.
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Right.
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Yep.
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Okay.
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We
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are too super for Ruby.
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Over there.
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Then 1951.
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Okay. So what? What wave do you think we’re in? Yeah.
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Oh, I see. Okay, okay.
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Right.
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The the.
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Correct.
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Yeah.
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Yeah.
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Right.
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Right.
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Yeah.
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Leaving all that noise behind?
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Yeah. Something to be cognizant of.
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That’s right.
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So then what?
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It’s funny that you mentioned, you know, not trading out that far, which I completely agree with you. It doesn’t happen very often. Somebody just traded December of 20 2740 higher in the class three. So we’re seeing some movement. Yeah.
00;14;04;09 – 00;14;17;18
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Yeah. Look at that. Yeah. It’s interesting. Move. I love it. John.
00;14;17;20 – 00;14;20;28
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Richard. John. RJ.
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Good. I mean, anything’s possible these days.
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Right.
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Anything’s possible.
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That that’s that’s all I got on this, you know, beautiful. Wednesday in the middle of February
00;14;42;18 – 00;15;06;25
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and February. But still looking. Still still looking. I’m searching Facebook Marketplace because I wouldn’t look at new ones. And I was like, oh, little price shocked. But we’re on face, man. We’re on pace.
00;15;06;28 – 00;15;09;23
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Yeah.
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Yeah, but anything for Iron Man.
00;15;15;05 – 00;15;27;02
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We. Yeah. What do we have? Seven months? Yeah. Ish.
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We gotta get her. We gotta get some team t shirts made.
00;15;35;26 – 00;15;56;10
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Every team t shirts. Cool, I need it. I appreciate it. All right, everybody, appreciate you tuning in to you. Tech talk. We do not have any requested today. Any mentioned. If anyone would like to see something for next time, please get Ahold of us. We would be happy to look at them in these crazy markets that we’ve seen the past couple weeks.
00;15;56;12 – 00;16;10;29
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Any kind of chart is going to be something interesting to look at. So send them our way and we’ll take a peek. If you have not already, please subscribe to the channel, hit the notification bell, give a thumbs up to all your friends and family, and we will see you next time on a Smarter Tech Talk.
