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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 ...
Monday, February 11, 2019
Global Dairy Weekly (week ended February 8, 2019)
Philadelphia, PA - Block Cheddar prices finished the week at the highest level since mid-Oct and barrel prices settled today and yesterday at a three-month high. What's going on out there?
Monday, February 4, 2019
Global Dairy Weekly (week ended February 1, 2019)
Philadelphia, PA– The Midwest was beaten up this week by the Polar Vortex which also negatively impacted milk and cheese production, and moderately disrupted logistics. The most extreme report we heard was from a Wisconsin butter maker: -40 ...
Monday, January 28, 2019
Global Dairy Weekly (week ended January 25, 2019) (week ended January 25, 2019)
Philadelphia, PA - The CME dry whey market gave up ten cents during this Holiday-shortened trading week. The big move happened on very little "new" news.
Tuesday, January 22, 2019
Global Dairy Weekly (week ended January 18, 2019)
Philadelphia, PA- The general tone of our network cooled off a bit this week following several consecutive weeks of increasingly bullish conversations.
Tuesday, January 15, 2019
Global Dairy Weekly (week ended January 11, 2019)
Philadelphia, PA- At this time last year, dairy markets were in the doldrums. Many Class III and Class IV futures contracts were in the $13s and our contacts were full of pessimism. In our first report of 2018, we wrote: "Saying sentiment i ...
Monday, December 24, 2018
Global Dairy Weekly (week ended December 21, 2018)
Philadelphia, PA - The CME dry whey market bottomed at $0.3900/lb in early Jul. Since then, prices have rallied as high as $0.5750/lb in mid-Oct and retreated to a low of $0.42/lb in late Nov.
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