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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.
Monday, March 29, 2021
Global Dairy Weekly (week ended March 26, 2021)
Batavia, NY - Alongside rising vaccinations and fewer state-level restrictions, our industry contacts are finally reporting improving sales of cheese and butter to foodservice customers. More on that in a moment.
Monday, March 22, 2021
Global Dairy Weekly (week ended March 19, 2021)
Batavia, NY - USA dairy market sentiment took a breather this week alongside worsening port problems in the West. We are told that dairy product inventories have started to back up again at port. The reversal in progress followed nearly two ...
Monday, March 15, 2021
Global Dairy Weekly (week ended March 12, 2021)
Batavia, NY - The market tone for most dairy products continued to firm this week, with most USA prices following international prices on an upward trajectory.
Monday, March 8, 2021
Global Dairy Weekly (week ended March 5, 2021)
Inflation in dairy? Batavia, NY - Concerns about inflation are dominating our conversations. In addition to higher feed costs, which equal more than $2.00/cwt, dairy farmers are now reporting double-digit percentage increases in the prices ...
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