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Monday, October 15, 2018
Global Dairy Weekly (week ended October 12, 2018)
Philadelphia, PA - Across the board - butter, nonfat dry milk, and cheese - our network's tone dipped into price-negative territory this week.
Tuesday, October 9, 2018
Global Dairy Weekly (week ended October 5, 2018)
Philadelphia, PA - The new trade agreement with Canada dominated our conversations early in the week but by week-end, after realizing the trade deal will not having a meaningful effect for years, industry contacts moved on. More on that lat ...
Monday, October 1, 2018
Global Dairy Weekly (week ended September 28, 2018)
Philadelphia, PA - In the East and the Midwest this week, contacts report milk and cream supplies have tightened. We heard stories of rising premiums over Class and milk plants running below capacity due to a decrease in milk production tha ...
Monday, September 24, 2018
Global Dairy Weekly (week ended September 21, 2018)
Philadelphia, PA - After several weeks of leveling off, sentiment in our network ticked modestly more bullish this week. We picked up anecdotes of tightening cream and milk supplies in the Midwest and East. Export interest is holding steady ...
Monday, September 17, 2018
Global Dairy Weekly (week ended September 14, 2018)
Philadelphia, PA - Cheese prices ended the week much lower with barrels closing today down 8.00 cents vs. last Fri to $1.4200/lb and blocks down 5.75 cents to $1.6050/lb. The last time barrels were near this price level was on 30 Jul when b ...
Monday, September 10, 2018
Global Dairy Weekly (week ended September 7, 2018)
Philadelphia, PA - Beginning with butter, it was a choppy trading week. On Tue, butter lost a penny and on Wed, settled at a low of $2.1875/lb, down 2.75 cents from last week. Then on Thu, the market reversed course, and today, climbed to $ ...
Monday, September 3, 2018
Global Dairy Weekly (week ended August 31, 2018)
Philadelphia, PA – Retail demand was one of the most common topics in our conversations during this news-filled week. For cheese and butter, we've picked up numerous reports of robust domestic demand. This is partially being driven by heavy ...
Wednesday, August 29, 2018
Global Dairy Weekly (week ended August 24, 2018)
Philadelphia, PA - The tone in the market for most dairy products is firming. Beginning in the dry whey business, we hear the supply-demand situation tightened further this week. We picked up new stories of buyers having difficulty securing ...
Monday, August 20, 2018
Global Dairy Weekly (week ended August 17, 2018)
Philadelphia, PA - In the milk powder market, the tone grew firmer throughout the week. We're hearing about an uptick in interest out of Mexico and also more skim milk powder exports to other destinations.
Monday, August 6, 2018
Global Dairy Weekly (week ended August 3, 2018)
Philadelphia, PA - Talk of heat and milk supplies dominated our conversations this week. Fat levels in milk have reportedly decreased due to summertime temperatures which have contributed to firmer cream prices in much of the USA.
Tuesday, July 31, 2018
Global Dairy Weekly (week ended July 27, 2018)
Philadelphia, PA - Our conversations this week focused on the government's "plan" to spend billions to compensate agriculture for the trade disputes with China and Mexico. If realized, this financial support would offset much of t ...
Monday, July 23, 2018
Global Dairy Weekly (week ended July 20, 2018)
Philadelphia, PA– Export orders, heat out West, and a recall of dry whey were the most common topics in our conversations this week. These factors contributed to a firmer tone in our network compared to recent weeks where the focus of discu ...
Monday, July 16, 2018
Global Dairy Weekly (week ended July 13, 2018)
Philadelphia, PA - While trade and trade disputes still dominate our conversations, we are beginning to pick up a firmer market tone in our discussions. We do not think that USA dairy markets are about to rocket higher, but increasingly it ...
Monday, July 2, 2018
Global Dairy Weekly (week ended June 29, 2018)
Philadelphia, PA-Feelings of uncertainty hit what seemed to be an all-time high in our network this week. We've heard several contacts say, they've "never been so confused by the dairy business." Talk of trade wars, government int ...
Thursday, June 28, 2018
Global Dairy Weekly (week ended June 22, 2018)
Philadelphia, PA - President Trump's trade war is on. Following last week's $50 billion worth of retaliatory tariffs from China, Europe and India issued retaliatory tariffs of their own this week affecting $3.4 billion and $235 million of U ...
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