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Tuesday, January 23, 2018
Global Dairy Weekly (week ended Jan 18, 2017)
Philadelphia, PA–Our sources in the block market became less negative in their market views this week, but barrel market participants have not changed their bearish tone. Today the market closed with barrels at a 22-cent discount to blocks.
Wednesday, December 27, 2017
Global Dairy Weekly (week ended Dec 22, 2017)
Philadelphia, PA–Negativity seemed to spread in the USA this week. Farmers that we spoke to lamented the below cost of production prices. In 1Q18, Class III and IV futures now start in the $13s. Processors, having filled holiday deman ...
Monday, December 18, 2017
Global Dairy Weekly (week ended Dec 15, 2017)
Philadelphia, PA–Our conversations this week centered on the barrel cheese market. The block-barrel spread set a new record with blocks settling 22.5 cents below barrels on Tue. Blocks rallied in the middle of the week to reduce some ...
Tuesday, December 12, 2017
Global Dairy Weekly (week ended Dec 8, 2017)
Philadelphia, PA–Barrels settled above blocks for the second consecutive week and for the 15th day in the last 30. The market closed today with barrels at a 19.50-cent premium to blocks. This is a far cry from the long-term average. Histori ...
Tuesday, December 5, 2017
Global Dairy Weekly (week ended Dec 1, 2017)
Philadelphia, PA– On Monday, barrels fell 8.5 cents and blocks gave up 6.0 cents. Then on Tue, barrels lost another 5.0 cents, while blocks gained back the 6.0 cents given up a day earlier. By week-end, barrels had managed to lose a t ...
Monday, November 27, 2017
Global Dairy Weekly (week ended Nov 24, 2017)
Philadelphia, PA– Spot dairy prices were mixed during this holiday-shortened trading week. Blocks closed today down 1.00 cent compared to settlement last Fri, while barrels increased 4.75 cents. USA nonfat dry milk prices ticked 1.25 cents ...
Tuesday, November 21, 2017
Global Dairy Weekly (week ended Nov 17, 2017)
Philadelphia, PA- The CME milk powder market finished the week up 0.25 cents. After lagging for several weeks, we did hear spot transactions picked up the pace this week. Additionally, winning sellers were announced for large Mexican and Al ...
Monday, November 20, 2017
Global Dairy Platform appoints Fonterra CEO as board chairman
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Tuesday, November 14, 2017
Global Dairy Weekly (week ended Nov 10, 2017)
Philadelphia, PA- It was a tumultuous week in USA cheese markets. After closing at $1.7150/lb last Fri, blocks moved lower at the start of the week and bottomed at $1.6025/lb on Wed, but just one day later, shot up 11.25 cents and hit a hig ...
Tuesday, November 7, 2017
Global Dairy Weekly (week ended Nov 3, 2017)
Philadelphia, PA– USDA reported record high inventory numbers (privately held) for nonfat dry milk and dry whey on 30 Sep. Among our contacts, there isn’t a bull to be found in the powdered products business and our sources report dry whey ...
Monday, October 23, 2017
Global Dairy Weekly (week ended Oct 20, 2017)
Philadelphia, PA–Negative market sentiment moved into the USA from Europe this week. In nonfat dry milk, we are hearing lots of bearish views. Inventories are backing up as USA producers go head-to-head with European manufacturers, and now ...
Monday, October 16, 2017
Global Dairy Weekly (week ended Oct 13, 2017)
Philadelphia, PA–Market sentiment appeared to soften among our network this week. Most dairy product prices also ended the week lower. Nonfat dry milk prices fell 5.25 cents, blocks dropped 6.00 cents, and barrels decreased 6.75 cents. Spot ...
Monday, October 9, 2017
Global Dairy Weekly (week ended Oct 6, 2017)
Philadelphia, PA–For the third consecutive week, cheese prices rose at the CME. Blocks finished the week up 2.50 cents and barrels, up 5.25. Our sources also say fresh blocks and barrels were harder to find this week, but older cheese (more ...
Monday, October 2, 2017
Global Dairy Weekly (week ended Sep 29, 2017)
Philadelphia, PA-CME butter prices fell 13.25 cents this week with futures "limit down" today. Manufacturers report feeling inventories are more than adequate for domestic needs.
Monday, September 25, 2017
Global Dairy Weekly (week ended Sep 22, 2017)
Philadelphia, PA–Barrel cheese prices gained 15 cents with 60 loads changing hands in active trading sessions all week long. Blocks ended the week up one-quarter cent, while butter and nonfat dry milk prices finished the week unchanged.
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