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Tuesday, June 19, 2018
Global Dairy Weekly (week ended June 15, 2018)
Philadelphia, PA - Dairy market sentiment was subdued for another week. Bulls have quieted down in our network as bears gain confidence. Then today, China announced planned tariffs on USA dairy products.
Wednesday, June 13, 2018
Global Dairy Congress Asia 2018: Understanding dairy supply and demand drivers
Half supply-intensive, half demand-centric, the 4th Global Dairy Congress Asia was held on June 11 and 12th at Singapore's Holiday Inn Hotel. Over two days participants examined numerous Asian dairy production and consumption drivers.
Monday, June 11, 2018
Global Dairy Weekly (week ended Jun 8, 2018)
Philadelphia, PA - With the exception of the whey market, sentiment in our network weakened this week. Just about every conversation we had focused on the trade dispute with Mexico. More on that later.
Monday, June 4, 2018
Global Dairy Weekly (week ended Jun 1, 2018)
Philadelphia, PA - This week, talk of a trade war with Mexico - the USA largest dairy trading partner - coincided with the challenges of processing milk through Memorial Day weekend. Our network certainly became more anxious this week. Espe ...
Monday, May 28, 2018
Global Dairy Weekly (week ended May 25, 2018)
Philadelphia, PA - With Memorial Day almost here, many of our sources were primed to talk weather. In dairying regions of Texas and New Mexico, temperatures reached the high-90s this week. Next week, dairying parts of California will experi ...
Monday, May 21, 2018
Global Dairy Weekly (week ended May 18, 2018)
Philadelphia, PA - Sentiment in the cheese market took a downtick this week. Contacts, especially those that are domestic-facing, indicated a general loosening in the marketplace, particularly for barrels.
Monday, May 14, 2018
Global Dairy Weekly (week ended May 11, 2018)
Philadelphia, PA - Beginning with nonfat dry milk. Our network was neutral-to-bearish in tone for a second consecutive week. Buyers from Mexico are reportedly having a hard time with the recent uptick in USA milk powder prices - which are s ...
Monday, May 7, 2018
Global Dairy Weekly (week ended May 4, 2018)
Philadelphia, PA- At the ADPI conference this week, we took to the measuring stick: Compared to four months ago at IDFA's Dairy Forum, the tone of the industry was sharply different, and not nearly as negative.
Monday, April 23, 2018
Global Dairy Weekly (week ended Apr 20, 2018)
Philadelphia, PA - The milk powder market was the focus of discussions in our network this week. Nonfat dry milk rallied 7.25 cents with prices moving higher during each trading session Tue thru Fri. In total, 57 loads changed hands at the ...
Monday, April 16, 2018
Global Dairy Weekly (week ended Apr 13, 2018)
Philadelphia, PA - Many of our conversations this week focused on the strength of butter prices. At the CME, prices closed today at $2.2875/lb, unchanged from last Fri, but up 7.25 cents from two weeks ago.
Monday, April 9, 2018
Global Dairy Weekly (week ended Apr 6, 2018)
Philadelphia, PA - Beginning with butter, climbing international prices spilled into the USA market this week. Following upticks in New Zealand and Europe (more on that later), CME butter prices increased by 7.25 cents and for the third con ...
Monday, April 2, 2018
Global Dairy Weekly (week ended Mar 30, 2018)
Philadelphia, PA - Cheese prices moved lower at the CME during this shortened trading week. Blocks gave up 1.50 cents while barrels lost 7.0 cents. For the second consecutive week, "range bound" was the most common phrase in our c ...
Monday, March 26, 2018
Global Dairy Weekly (week ended Mar 23, 2018)
Philadelphia, PA- Beginning with cheese, we heard mixed reports on domestic demand this week. Snow storms negatively affected sales in Northeast population centers. Meanwhile, a rally in markets for much of the week appeared to slow export ...
Monday, March 19, 2018
Global Dairy Weekly (week ended Mar 16, 2018)
Philadelphia, PA - At the top of the list, dry whey: Bullish talk continued for a second consecutive week. Our contacts say inventories are looking increasingly "normal," and in some cases, are now tight. We also hear President Tr ...
Tuesday, March 13, 2018
Global Dairy Weekly (week ended Mar 9, 2018)
Philadelphia, PA– Nonfat dry milk prices reached a new all-time low of $0.6475/lb yesterday. Today that changed with prices rebounding 3.75 cents to a 16-day high. We heard anecdotes this week suggesting an uptick in export orders hel ...
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