Dairyline Markets In Review

Chuck ZimmermanDairyline, Markets

DairylineDairy Markets Week in Review
Yoyos are fun to play with but they raise havoc in dairy markets. The cash market in the last week of September gave back the previous week’s gains and then some with the exception of nonfat dry milk, which shot up Friday. Block cheese closed Friday at $1.26, down seven cents on the week, and 33 1/2-cents below a year ago. Barrel closed at $1.30, down four cents on the week, and 13 3/4-cents below a year ago. 11 cars of block traded hands on the week and two of barrel. The NASS U.S. average block price at $1.2834, lost 0.6 cent. Barrel averaged $1.3488, down 1.8 cents.

Milk supplies may be tight but mild weather is helping the girls put more of it in the tank, milk yields are increasing, and sufficient dairy product inventories are keeping concern to a minimum as to any shortages in the holiday buying season.

Butter closed at $1.3050, down 1 1/2-cents on the week, and 34 1/4-cents below a year ago. Two cars were sold. NASS butter averaged $1.2851, down a penny. Grade A nonfat dry milk shot up 12 cents yesterday, settling at $1.02. Extra Grade went up 11 cents to $1.01.

Provided courtesy of Dairyline.

CWT Export Assistance Bids

Chuck ZimmermanDairy Group, Export

Cooperatives Working TogetherHere’s the latest announcements from Cooperatives Working Together:

  • Cooperatives Working Together announced today (Mondy, 9/25)that it accepted two export assistance bids last week for the sale of cheese. Both bids are from Land O’Lakes of Arden Hills, MN: one for the export of 40 metric tons (88,000 pounds) of Mozzarella cheese to the South Korea; and another for 20 metric tons (44,000 lbs.) of Mozzarella cheese to Taiwan. CWT will pay an export bonus to the bidder, once completion of the cheese shipments is verified.

    • 29th Case of BSE Found in Japan

    Chuck ZimmermanIndustry News, International

    Here’s some big news from yesterday.

    Japan’s Agriculture Ministry said Thursday it confirmed that a cow from northern Japan had the country’s 29th case of mad cow disease. Tests on the 6 1/4 year-old dairy cow performed at the National Institute of Animal Health confirmed that the cow, which died at a ranch on Japan’s northernmost island of Hokkaido, was infected with the fatal illness. Japan has now confirmed 29 animals infected with the fatal illness — known formally as bovine spongiform encephalopathy, or BSE — since the first case in Japan was defected in 2001. Since then, Tokyo has begun taking steps to check every cow that is slaughtered or dies at ranches before it enters the food supply.

    Full Story.