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Monday, October 7, 2019
Global Dairy Weekly (week ended October 4, 2019)
Philadelphia, PA - Nonfat dry milk prices continued to run higher and marked the ninth consecutive week of gains. This week, we heard about sales to Mexican buyers and also new skim milk powder orders from customers in other markets. There ...
Monday, September 30, 2019
Global Dairy Weekly (week ended September 27, 2019)
Pavilion, NY - Many in the industry gathered this week at the ADPI Dairy Ingredients seminar in Santa Barbara, CA. Our sources at the conference reported the tone as steady-to-firm. We also caught wind of a few more international sales. CME ...
Monday, September 23, 2019
Global Dairy Weekly (week ended September 20, 2019)
Philadelphia, PA– Following last week's price run higher, this week, blocks gave up much of what was gained and barrels lost all of the gains, plus some. Compared to two weeks ago, blocks finished up 5.25 cents; barrels, down 8.75 cen ...
Monday, September 16, 2019
Global Dairy Weekly (week ended September 13, 2019)
Philadelphia, PA– Cheese. Cheese. Cheese. Tha's what our conversations were about this week. On Mon, blocks added one-quarter of a cent and hit $2.00/lb for the first time in nearly five years. Then on Tue, block prices began to take ...
Monday, September 9, 2019
Global Dairy Weekly (week ended September 6, 2019)
Philadelphia, PA– Block cheese prices continued to rally this week but were unable to break $2.00/lb and finished the week just shy of that level at $1.9975/lb, still a nearly five-year high. Nov 2014 was the last time prices were near thes ...
Monday, September 2, 2019
Global Dairy Weekly (week ended August 30, 2019)
Philadelphia, PA– After last week's Cold Storage report, we were asked, "How low will butter prices go?" The market gave its response this week: "Not too much lower."
Monday, August 26, 2019
Global Dairy Weekly (week ended August 23, 2019)
Philadelphia, PA– USDA's Cold Storage report rattled butter markets. The new inventory number, which was released yesterday, threw cold water on the idea that butter would be in short supply during the Holiday demand season.
Monday, August 19, 2019
Global Dairy Weekly (week ended August 16, 2019)
Philadelphia, PA - Block Cheddar cheese prices hit a 33-month high of $1.8925/lb on Wed and Thu, but gave back 1.25 cents to finish the week up 1.25 cents. "Will we break two bucks next!?" That's the question on lots of minds toda ...
Tuesday, August 13, 2019
Global Dairy Weekly (week ended August 9, 2019)
Philadelphia, PA– The butter bulls and bears have quieted down. This is unusual for a market that is prone to sudden price swings, especially this time of year. But it's not just butter.
Monday, August 5, 2019
Global Dairy Weekly (week ended August 2, 2019)
Philadelphia, PA- Butter was the biggest loser this week. CME butter prices gave up five cents and finished today at a nearly three-month low. Why?
Monday, July 29, 2019
Global Dairy Weekly (week ended July 26, 2019) (week ended Jul 26, 2019)
Philadelphia, PA– Following heatwaves in the USA and Europe, CME cheese, nonfat dry milk, and dry whey prices ended the week up. Meantime, butter prices declined.
Monday, July 22, 2019
Global Dairy Weekly (week ended July 19, 2019)
Philadelphia, PA– For the third consecutive week, CME nonfat dry milk prices declined. Settling today at $1.0075/lb, nonfat dry milk prices were at a nearly three-month low. This, despite subdued milk supply growth in the USA and New ...
Monday, July 15, 2019
Global Dairy Weekly (week ended July 12, 2019)
Philadelphia, PA– With the exception of butter, CME dairy product prices moved lower this week. On Tue, dry whey prices settled at $0.32/lb, the lowest price-level since 28 Mar.
Monday, July 8, 2019
Global Dairy Weekly (week ended July 5, 2019)
Philadelphia, PA– On Monday, block Cheddar cheese prices hit the highest level in more than two and a half years: $1.8650/lb before retreating throughout the rest of the holiday-shortened trading week and settling today at $1.8475/lb.
Monday, July 1, 2019
Global Dairy Weekly (week ended June 28, 2019)
Philadelphia, PA - Temperatures in the Midwest and Central parts of the USA are starting to rise. This week, highs were in the 80s. Next week, the 90s.
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