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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.
Monday, June 24, 2019
Global Dairy Weekly (week ended June 21, 2019)
Philadelphia, PA– Cheese and butter markets firmed this week. Our contacts are saying production of these products are currently constrained by lackluster milk supplies. The tone of these markets is price-supportive and we don't expect that ...
Tuesday, June 18, 2019
Global Dairy Weekly (week ended June 14, 2019)
Philadelphia, PA– There has been plenty of talk among our contacts about tight milk supplies this summer, but based on our conversations, the "tightness" has yet to arrive.
Monday, June 10, 2019
Global Dairy Weekly (week ended June 7, 2019)
Philadelphia, PA – From the Midwest and Northeast, we picked up more anxiety this week about the impact of delayed crop plantings and forage harvests. In those regions, farmers tend to grow their feed and this year's challenging spring will ...
Monday, June 3, 2019
Global Dairy Weekly (week ended May 31, 2019)
Philadelphia, PA - Farm-level conditions have deteriorated recently in the Midwest, Northeast, and Central regions. Because of excessive rain, crop plantings are very late, the cost of grain is rising, and alfalfa fields are too wet to harv ...
Monday, May 27, 2019
Global Dairy Weekly (week ended May 24, 2019)
Philadelphia, PA - For most dairy products, the tone of our network was less bullish this week compared to last week.
Tuesday, May 21, 2019
Global Dairy Weekly (week ended May 17, 2019)
Philadelphia, PA– The USA has reached a deal with Canada and Mexico to repeal the "Section 232" steel tariffs. Those tariffs were implemented almost a year ago and caused Mexico to retaliate with tariffs on U.S. cheese begin ...
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