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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 ...
Monday, May 13, 2019
Global Dairy Weekly (week ended May 10, 2019)
Philadelphia, PA– Product prices climbed this week as the dairy industry gathered in Chicago at the annual ADPI meeting. For most products, the tone of this year‘’s conference was plainly bullish.
Monday, May 6, 2019
Global Dairy Weekly (week ended May 3, 2019)
Philadelphia, PA - After a surge in business last week, orders for nonfat dry milk were sluggish for much of this week. But the slowdown didn't last and before week-end, the phones started ringing.
Monday, April 29, 2019
Global Dairy Weekly (week ended April 26, 2019)
Philadelphia, PA– The nonfat dry milk market rallied throughout this week. From our network, we heard a number of stories indicating a surge in buying activity after USDA reported USA milk production down 0.4% in Mar. Milk powder buye ...
Monday, April 22, 2019
Global Dairy Weekly (week ended April 19, 2019)
Philadelphia, PA- Barrel prices fell while blocks managed to increase modestly during this four-day trading week. From our network, we hear barrels have become more available, while 40-lb blocks have, at times, been "tight." This ...
Monday, April 15, 2019
Global Dairy Weekly (week ended April 12, 2019)
Philadelphia, PA– This week the tone of our network moderated regarding most dairy products. Beginning with nonfat dry milk, sentiment softened. Increasingly, our contacts are questioning the strength of international demand just as E ...
Monday, March 11, 2019
Global Dairy Weekly (week ended March 8, 2019)
Philadelphia, PA - This week, market sentiment was weighed down by emerging trade issues, heavy inventories, and a spring flush near at hand.
Monday, March 4, 2019
Global Dairy Weekly (week ended March 1, 2019)
Philadelphia, PA - Starting with milk powder: Our network became more nervous and price-negative this week following about a month of "neutral" tone. We are still hearing about "sluggish" powder sales to Mexico but this ...
Monday, February 25, 2019
Global Dairy Weekly (week ended February 22, 2019)
Philadelphia, PA– Three weeks ago, blocks gained 11 cents. Two weeks ago, 2.75 cents. One week ago, 5.25 cents. This week, just 1.50 cents. Our network is still viewing the recent price movements with skepticism and we are asked, &quo ...
Monday, February 18, 2019
Global Dairy Weekly (week ended February 15, 2019)
Philadelphia, PA– Beginning over the weekend, high snowfalls and strong winds wreaked havoc on dairy farms in Eastern Washington. Local news reported around 1,600 cows died because of the storms which matches anecdotal reports that we heard ...
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