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Monday, April 13, 2020
Global Dairy Weekly (week ended April 10, 2020)
Philadelphia, PA - CME barrel markets finished this holiday-shortened week at the fourth-lowest price level on record ($1.00/lb), according to our database that goes back to 1998. Block and butter prices are at levels last touched during th ...
Monday, April 6, 2020
Global Dairy Weekly (week ended April 3, 2020)
Philadelphia, PA -This week, dairy product prices fell to the lowest levels since the financial crisis. The last time prices of blocks, barrels, andbutter were at these levels was 2009. Dairy markets are now in a periodthat we will look bac ...
Monday, March 30, 2020
Global Dairy Weekly (week ended March 27, 2020)
Philadelphia, PA - Butter prices finished today at the lowest level in six years. Nonfat dry milk prices are at the lowest price level in a little more than a year. Blocks andbarrels are at the lowest price level in about oneyear. Lows. Low ...
Monday, March 23, 2020
Strong supply, demand support global dairy prices
The dairy markets worldwide have entered 2020 with strong supply and demand fundamentals, which are supporting global commodity prices.
Monday, March 23, 2020
Global Dairy Weekly (week ended March 20, 2020)
Philadelphia, PA - Nielsen retail data shows that last week (ending 14 Mar) dairy product sales were on a rocket ship. Sales of fluid milk were up 32%, cheese was up 45%, and yogurt was up 29% compared to oneyear earlier. This week, various ...
Monday, March 16, 2020
Global Dairy Weekly (week ended March 13, 2020)
Philadelphia, PA - CME cheese prices rallied this week as consumers flocked to grocery stores. Blocks ended the week up 12.25 cents and barrels, up 2.25. Across the food business, our contacts reported a surge in retail sales this week as C ...
Monday, March 9, 2020
Global Dairy Weekly (week ended March 6, 2020)
Philadelphia, PA - There are now 250 confirmed cases of Coronavirus in America, most of which are in the West, including 84 in the state of Washington and 70 in California. Our contacts in those areas shared anecdotes of grocery stores bein ...
Monday, February 10, 2020
Global Dairy Weekly (week ended February 7, 2020)
Philadelphia, PA - Fear was a common theme in our conversations last week. We were asked: "Is the Coronavirus going to become a worldwide pandemic?" "Would China close down its ports, halting dairy supply chains?" " ...
Tuesday, January 28, 2020
Global Dairy Weekly (week ended January 24, 2020)
Philadelphia, PA - The cheese market was the popular topic of discussion this week. Block cheese prices peaked during this holiday-shortened trading week on Wed and Thu at $2.0025/lb, the highest price in Jan since 2014, before retreating t ...
Monday, January 20, 2020
Global Dairy Weekly (week ended January 17, 2020)
Philadelphia, PA - Exports, foreign purchasing, and trade agreements dominated our conversations this week. We’ll try to cover it all.
Monday, January 13, 2020
Global Dairy Weekly (week ended January 10, 2020)
Philadelphia, PA - This week, barrel cheese prices retreated to the lowest levels in seven months reaching $1.5175/lb on Thu. How come?
Thursday, January 9, 2020
Global dairy prices rise almost 3% in first auction of 2020
Low supply pushed global prices of dairy products up at the first auction of the year on Tuesday, Jan. 7, with the GDT [Global Dairy Trade] Price Index climbing 2.8% and the average selling price settling at US$3,371 per tonne, Reuters repo ...
Monday, December 23, 2019
Global Dairy Weekly (week ended December 20, 2019)
Philadelphia, PA - CME butter prices broke thru the $2.00-lb threshold today after spending three weeks below that level. Will butter become a run-a-way market? We still don't think so.
Tuesday, December 17, 2019
Global Dairy Weekly (week ended December 13, 2019)
Philadelphia, PA - Cheddar cheese prices declined this week in a record fashion. Barrel markets gave up a total of 53.25 cents –the largest weekly decrease in barrel prices ever recorded. Blocks also finished the week lower, down 17.25 cent ...
Tuesday, December 10, 2019
Global Dairy Weekly (week ended December 6, 2019)
Philadelphia, PA - Renewed reports of Chinese purchasing in the USA drove CME whey prices to a two-month high this week. Foreign feed companies appear to be anticipating a rebound in China's pig herd and contacts also report the whey permea ...
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