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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 ...
Monday, March 5, 2018
Global Dairy Weekly (week ended Mar 2, 2018)
Philadelphia, PA–Blocks and barrels gained this week, up 6.50 cents and 1.50 cents respectively. We heard mixed reports this week on both new cheese export orders and domestic demand. Opposite of the price action, the bears in our network w ...
Tuesday, February 27, 2018
Global Dairy Weekly (week ended Feb 23, 2018)
Philadelphia, PA-After rising last week, CME cheese markets moved lower during this Holiday-shortened trading week. Blocks ended down 4.50 cents; barrels, down 2.0 cents from last Fri's close. The block-barrel spread normalized and settled ...
Monday, February 19, 2018
Global Dairy Weekly (week ended Feb 16, 2018)
Philadelphia, PA–Butter markets chopped around all week long. On Mon, spot prices settled at $2.03/lb. But by Thu, prices had surged with one load trading as high as $2.1850/lb before markets walked lower to $2.15/lb on that day. Today, sel ...
Monday, February 12, 2018
Global Dairy Weekly (week ended Feb 9, 2018)
Philadelphia, PA-In cheese markets, the news was quiet this week. Exports were reported to us as moderately firmer following an uptick in prices elsewhere in the world. More on that later. We picked up mixed reports on domestic demand this ...
Tuesday, February 6, 2018
Global Dairy Weekly (week ended Feb 2, 2018)
Philadelphia, PA-CME dairy product prices were relatively stable this week. Blocks fell one cent while barrel prices added one-half cent. Butter closed the week down 1.50 cents, and nonfat dry milk ended the week up 1.25 cents.
Monday, January 29, 2018
Global Dairy Weekly (week ended Jan 26, 2018)
By JERRY DRYER and MATT GOULD, DAIRY & FOOD MARKET ANALYST
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