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Monday, August 2, 2021
Global Dairy Weekly (week ended July 30, 2021)
Batavia, NY – Negative producer margins were the most common topic in our conversations this week. Feed costs have been high enough for long enough that is translating into a significant increase in dairy farm dispersals. More on that ...
Monday, July 26, 2021
Global Dairy Weekly (week ended July 23, 2021)
Batavia, NY - Market sentiment has certainly taken a dive in the USA - a result of heavy milk supplies, logistics and labor issues, and less-than-stellar international sales.
Monday, July 19, 2021
Global Dairy Weekly (week ended July 16, 2021)
Batavia, NY – Barrel cheese prices finished this week at the lowest level since 24 Mar; the spread between blocks and barrels is growing again and settled Fri at the highest level since Apr (which preceded the final ramp-up of the cheese pl ...
Monday, June 21, 2021
Global Dairy Weekly (week ended June 18, 2021)
Batavia, NY - USA dairy market sentiment has become more subdued over the last several weeks. Of late, most of the stories we hear have a downtrodden tone: labor shortages limiting manufacturing capacity, milk supplies being burdensome, and ...
Monday, June 14, 2021
Global Dairy Weekly (week ended June 14, 2021)
Batavia, NY – Despite the price action at the CME this week, the tone of our network remains mixed.
Monday, June 7, 2021
Global Dairy Weekly (week ended June 4, 2021)
Batavia, NY – The industry tends to run into the "Spring Doldrums" during this time of year: milk production is near to its seasonal peak and available manufacturing capacity is pushed to its limit. With supply chains stretc ...
Monday, May 31, 2021
Global Dairy Weekly (week ended May 31, 2021)
Batavia, NY – Dairy products were under pressure this week at the CME with every product category posting declines. Ahead of Memorial Day, milk is heavy, and market sentiment is increasingly mixed. That's not unusual for this time of ...
Monday, May 24, 2021
Global Dairy Weekly (week ended May 21, 2021)
Batavia, NY – Block cheese prices traded down every day this week and reached the lowest level since Feb. Barrel traded lower in four out of the five sessions this week. Both markets gave up double digits this week. What changed?
Tuesday, May 18, 2021
Global Dairy Weekly (week ended May 14, 2021)
Batavia, NY - In the cheese market, most of our contacts report pipeline refilling has wrapped up, but we are still hearing reports of strong sales to foodservice customers. Contacts that have more exposure to retail now hold the most price ...
Monday, May 10, 2021
Global Dairy Weekly (week ended May 7, 2021)
Batavia, NY - The tone of the cheese market has weakened considerably in the last 10 days. Anecdotal evidence suggests that the increase in cheese supplies has now caught up with the growth in domestic demand. This leaves the USA cheese mar ...
Monday, May 3, 2021
Global Dairy Weekly (week ended April 30, 2021)
Batavia, NY - This week, our conversations oscillated between the strength in foodservice sales and weakness at retail. Multiple contacts are reporting their sales to the foodservice supply chain have been running up double-digits vs. 2019 ...
Monday, April 26, 2021
Global Dairy Weekly (week ended April 23, 2021)
Batavia, NY - This week was full of records. First, an all-time record: The CME dry whey price reached the highest level ever recorded ($0.7025/lb) on 20 Apr. Granted, the CME spot dry whey market has only been around since 2018 and prices ...
Monday, April 19, 2021
Global Dairy Weekly (week ended April 16, 2021)
Batavia, NY - At around 9 PM EST on 09 Apr, USDA sent emails out to the suppliers of the Farmers to Families Foodbox program extending purchases to the end of May. The Foodbox program was previously set to expire on 30 Apr. The news sent fo ...
Monday, April 12, 2021
Global Dairy Weekly (week ended April 9, 2021)
Batavia, NY - Stories of improved foodservice sales continued to dominate our conversations this week. Several contacts have reported their sales as "the best since the pandemic started" and "stronger than expected." As ...
Monday, April 5, 2021
Global Dairy Weekly (week ended April 2, 2021)
Batavia, NY - The tone of USA dairy markets continues to be price-supportive. So far, markets have shrugged off the impact of the "Spring Flush" and, at least in the USA, prices are climbing.
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