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Monday, December 7, 2020
Global Dairy Weekly (week ended December 5, 2020)
Batavia, NY - Government intervention is again cropping up as a meaningful market risk. Going into the weekend, there are two different stimulus bills being considered with ramifications for dairy. One bill reportedly provides the Secretary ...
Monday, November 30, 2020
Global Dairy Weekly (week ended November 27, 2020)
Batavia, NY - For the first time in four weeks, cheese prices didn't decline. Barrel cheese ended the holiday-shortened trading week unchanged while blocks finished up 3.50 cents. A number of people reached out to us this week asking the sa ...
Tuesday, November 17, 2020
Global Dairy Weekly (week ended November 13, 2020)
Batavia, NY - Cheese prices have been in absolute freefall. In the last two weeks, block prices have dropped by a total of 86.5 cents, the largest two-week drop ever record. Barrel prices have decreased by 92 cents, which is comparable to t ...
Monday, November 9, 2020
Global Dairy Weekly (week ended November 6, 2020)
Batavia, NY - Block and Barrel Cheddar prices tumbled this week and both posted double-digit declines. What changed?
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 ...
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