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Meet the Daily Dairy Report Staff

With more than 50 years of combined experience in dairy economics, risk management, policy analysis and dairy production, the Daily Dairy Report staff provides timely insight on the daily dairy markets and trading as well as analysis of the government price, production and supply reports. While summaries of recent market activity are valuable to readers, our goal is to "connect the dots" by explaining to readers which data points are important and why.

Mary Keough Ledman

Mary Keough Ledman has over three decades of experience in the dairy industry that includes production, processing and policy. She grew-up on a 160 acre, 50-cow dairy farm in southern Wisconsin and has worked on farms in Germany, Japan and New Zealand.

Mary earned a Bachelor of Science degree in Agricultural Journalism and a Master of Science degree in Agricultural Economics from Texas A& M University. Her thesis topic was Product Price Formulas as an Alternative to the Minnesota-Wisconsin Price Series.” She also received a Fulbright Fellowship to study the European Community’s dairy policy at the University of Goettingen, Germany.

Mary’s government service includes working as an auditor for the Federal Milk Marketing Order 30. USDA’s Foreign Agricultural Service where she assisted in establishing the first Dairy Export Incentive Program (DEIP) product allotments and was a member of the technical support team of the U.S. Canadian Free Trade Agreement. Mary also worked for the USDA’s National Agricultural Statistics Service where she was responsible for calculating and publishing several price series, including the Minnesota-Wisconsin Price Series, or otherwise known as the Class III milk price.

Mary's private sector experience includes being the Manager of Dairy Economics for Kraft Foods USA, Manager of Strategic Planning and Financial reporting for Kraft International in Bremen, Germany, and Director of Materials Planning for Stella Foods (now Saputo), Lincolnshire, Illinois. As Director of Materials Planning, Mary was responsible for purchasing four billion pounds of producer milk and 20 million pounds of nonfat dry milk powder annually.

In January 1995, Mary founded Keough Ledman Associates, Inc. a dairy economic consulting firm that provides a wide range of consulting services from “Dairy 101” educational workshops to milk and dairy product price forecasts and futures and options trading strategies.

In late 1999, Mary responded to a request for proposals from the Chicago Mercantile Exchange to write the CME Daily Dairy Report. Mary converted the fax delivered publication to email distribution and created the www.dailydairyreport.com website. She was the editor of the CME Daily Dairy Report until mid-2004.

Upon learning that the CME was discontinuing its sponsorship of the Daily Dairy Report, Mary decided to convert the report to a subscription based publication that provides the same, concise, fundamental market information that users are accustomed to with enhanced analysis and graphics.

Mary and her team hopes that you like the new look and enhanced content of the report and website. Please contact us with any comments, questions or suggestions.

Mary serves as a Trustee of the Farm Foundation and is a member of the American Agricultural Economics Association and former Sponsor Board Member of the Wisconsin FFA Alumni.

Sara Dorland

Sara Dorland, managing partner in Ceres Dairy Risk Management, LLC, specializes in providing risk management services to businesses within the agriculture sector, with focus on the dairy industry. Sara has represented dairy producers, cooperatives and consumer products companies in risk management dealings nationwide.

Prior to starting Ceres Dairy Risk Management, LLC, Sara was the Director of Risk Management for Darigold, Inc. She spent the first 10 years of her career working in both the Ingredients Division and Risk Management teams of Darigold.

Sara received her Masters of Business Administration from Seattle University in 2001. She has her BA from the University of Washington. In 2001, Sara received a certificate from Harvard Business School Executive Education Program in Leadership and Strategy.

Sara is a member of the American Dairy Products Institute, International Dairy Foods Association, U.S. Dairy Export Council and American Agri-Women. She also has participated in the CME Group’s annual Dairy Forum since its beginning.

Karen Endres

Karen Endres, small business owner, has worked in the dairy industry for over 15 years. Her focus is on communications and marketing.

For nine years, Karen was the Director of Communications and Marketing at Alto Dairy Cooperative. Prior to that she worked in national and international marketing for the dairy industry at the Wisconsin Department of Agriculture Trade and Consumer Protection. Karen along with her husband and his two brothers and their families own and operate a modern dairy operation.

Karen has a BS degree in Agricultural Economics from the University of Wisconsin-Madison. She has received numerous awards for her communications work and has received Leadership Training Recognition from MRA, Institute of Management.

During her career, Karen has been active in many organizations including: Dairy Business Association (past Board member), Professional Dairy Producers of Wisconsin, U.S. Dairy Export Council, International Dairy Foods Association and the Cooperative Communicators Association.

Sarina Sharp

Sarina Sharp, market analyst, manages risk for feed, milk and beef for her family’s Michigan dairy operation. She joined the operation in 2010 and lives in Chicago with her husband.

She grew up on dairy farms in California and Michigan. She graduated with honors from Covenant College in Lookout Mountain, Georgia, where she majored in Business with concentrations in Accounting and Finance. She also earned an English Minor.

After college, Sarina obtained her Series III certification and worked as a commodity broker and research analyst at the Nesvick Trading Group in Memphis, Tennessee. At the Nesvick Trading Group she published daily reports about commodity market news and fundamentals, focusing in the grain, oilseed and beef markets.

Recent Reports
Today's Report 7/24/2017
7/21/2017
7/20/2017
7/19/2017
7/18/2017
7/17/2017

Trading Activity
CME Intraday Class III Futures
CME Intraday Class IV Futures
CME Intraday Cheese Futures
CME Intraday Cash-settled Butter Futures
CME Intraday NFDM Futures
CME Intraday Dry Whey Futures
CME Spot Cheese
CME Spot Butter
CME Spot NFDM
CME Intraday Corn Futures
CME Intraday Soybean Futures
CME Intraday Soybean Meal Futures
CME Intraday Live Cattle Futures

Sample Reports
Sample 1
Sample 2
Sample 3
Sample 4
Sample 5