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Monday, November 2, 2020
Global Dairy Weekly (week ended October 30, 2020)
Batavia, NY - With the exception of butter, dairy product prices held firm in the USA this week with cheese, milk powder and dry whey prices rising. Barrel cheese set a record high price of $2.53/lb on Fri. Before the pandemic, the previous ...
Monday, October 26, 2020
Global Dairy Weekly (week ended October 23, 2020)
Batavia, NY - Coronavirus cases are surging throughout the world. In the USA, there were approximately 61,000 new cases per day this week, which is approaching a record high. In Europe, there was nearly twice as many new cases on average th ...
Monday, October 19, 2020
Global Dairy Weekly (week ended October 16, 2020)
Batavia, NY - Block cheese prices ended Fri tied for the 8th highest level ever recorded. While cheese was still reported to us as 'tight' this week, we believe the market will soon shift directions. This week, we heard cheese customers had ...
Thursday, October 15, 2020
SGX and NZX form global dairy derivatives partnership
Singapore Exchange (SGX) and New Zealand's Exchange (NZX) have formed a partnership that would have both exchanges work together to grow the latter's dairy derivatives market.
Monday, October 12, 2020
Global Dairy Weekly (week ended October 9, 2020)
Batavia, NY - USA cheese prices remained elevated this week with blocks and barrels still supported. From the supply chain, our contacts were still broadly describing cheese as "tight".
Monday, October 5, 2020
Global Dairy Weekly (week ended October 2, 2020)
Batavia, NY - Nonfat dry milk prices reached a pre-pandemic high of $1.14/lb on Thu, before retreating on Fri. The last time prices were that high was 24 Feb - approximately three weeks before the USA shut down in response to the Coronaviru ...
Monday, September 28, 2020
Global Dairy Weekly (week ended September 25, 2020)
Batavia, NY - Nonfat dry milk powder prices climbed to pre-pandemic highs this week. Closing the week at $1.10/lb, milk powder prices were at levels last seen in early Mar. Dry whey prices have also gained recently and on Thu were at the hi ...
Monday, September 21, 2020
Global Dairy Weekly (week ended September 18, 2020)
Batavia, NY - USA dairy product prices made large gains this week with blocks shooting up more than 46 cents, butter rising just shy of 12 cents, and nonfat dry milk tacking on 3.0 cents.
Monday, September 14, 2020
Global Dairy Weekly (week ended September 11, 2020)
Batavia, NY - Block cheese prices continued to surge this week. After bottoming at $1.65/lb in the third week of Aug, prices have since risen by a total of $0.52/lb.
Monday, September 7, 2020
Global Dairy Weekly (week ended September 4, 2020)
Batavia, NY - USA cheese prices were up double-digits this week - in large part because of last week's announcement by the Trump Administration to spend an additional $1.0 billion on the on the Farmers to Families Food Box program.
Monday, August 31, 2020
Global Dairy Weekly (week ended August 28, 2020)
Batavia, NY – The Trump Administration shocked cheese markets on Monday by announcing plans to increase the budget of the Farmers to Families Food Box Program "by up to an additional $1.0 billion." Then on Friday, USDA issue ...
Monday, August 24, 2020
Global Dairy Weekly (week ended August 21, 2020)
Batavia, NY – In the Northeast and Midwest, cream multiples have fallen to the lowest levels since May. Block prices are down $1.35/lb from the summer high and barrel prices, down $1.1350. Butter prices have fallen $0.50/lb from the peak. O ...
Monday, August 17, 2020
Global Dairy Weekly (week ended August 14, 2020)
Batavia, NY - Following several consecutive weeks of sizeable declines, dairy product prices were mixed this week. Block Cheddar cheese prices managed to gain 11.50 cents, a partial rebound from the 55-cent decrease last week. Nonfat dry mi ...
Tuesday, August 11, 2020
Global Dairy Weekly (week ended August 7, 2020)
Batavia, NY - Cheese prices plunged this week with blocks giving up 54.75 cents and barrels, 71.75 cents. In the last two weeks, blocks have fallen a total of 84 cents, and barrels, 93 cents - knocking more than $8.00/cwt off the Class III ...
Tuesday, August 4, 2020
Global Dairy Weekly (week ended July 31, 2020)
Batavia, NY – This week, our conversations shifted and were more price-negative in tone. On the supply-front, processors and cooperatives are rolling back Coronavirus-related restrictions. Farmers are responding and the additional pro ...
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