Posted: October 10, 2008 at 5:27 pm
By Chuck Zimmerman
Dairy Markets Week in Review
The cheese price roller coaster reversed two weeks of losses. Block closed Friday (October 10th), at $1.88 per pound, up 7 cents on the week and 3 1/4-cents above a year ago. Barrel closed at $1.8350, up 4 1/4 cents on the week but 3 1/4-cents below a year ago. Three cars of block traded hands on the week and none of barrel. The NASS-surveyed U.S. average block price hit $1.9194, up 7.1 cents. Barrel averaged $1.9253, up 4.1 cents.
Butter continued the previous week’s slippage but rallied Friday and closed at $1.7025, still down 4 1/4-cents on the week, but 41 3/4-cents above a year ago. Six cars were sold. NASS butter averaged $1.6833, up slightly.
Cash Grade A and Extra Grade nonfat dry milk closed at $1.00 per pound each, down a nickel on the week for Grade A, and down a dime on the Extra Grade. NASS surveyed nonfat dry milk averaged $1.0646 per pound, down 10.7 cents, and dry whey averaged 20.21 cents, down 0.8 cent.
Provided courtesy of Dairyline.
Posted: October 3, 2008 at 2:57 pm
By Chuck Zimmerman
Dairy Markets Week in Review
The cash crash happened Tuesday on cheese at the Chicago Mercantile Exchange, though there was a short lived rally on Thursday. When the dust settled Friday morning the blocks has fallen to $1.81 per pound, down 13 cents on the week and 7 1/2-cents below that week a year ago. Barrel closed at $1.7925, down 16 cents on the week and 9 3/4-cents below a year ago. Forty one cars of block traded hands on the week and 38 of barrel. The NASS-surveyed U.S. average block price jumped to $1.8449, up 7.6 cents. Barrel averaged $1.8817, up 11.2 cents.
Butter closed Friday at $1.7450, down a quarter-cent on the week but 42 3/4 cents above a year ago. Six cars were sold. NASS butter averaged $1.6835, up 4.4 cents.
Cash Grade A nonfat dry milk closed Friday at $1.05, down a nickel on the week, but one carload was sold. Extra Grade remained at $1.10 all week. NASS-surveyed nonfat dry milk averaged $1.1720, up 1.1 cent, and dry whey averaged 21 cents, down a half-cent.
Provided courtesy of Dairyline.
Posted: September 26, 2008 at 11:50 am
By Chuck Zimmerman
Dairy Markets Week in Review
Cash block cheese continues to creep toward the $2 mark again but stopped short at $1.94, down 1 1/2-cents on the week but four cents above that week a year ago. Barrel closed at $1.9525, up two cents on the week and 10 1/4-cents above a year ago. Eight Cars of block traded hands on the week and none of barrel. The NASS-surveyed U.S. average block price hit $1.7686, up 5.1 cents. Barrel averaged $1.7702, up 6.1 cents.
Cash butter closed Friday at $1.7475, up 2 1/4-cents on the week and 43 1/4-cents above a year ago. Three Cars were sold. NASS butter averaged $1.6391, up 2.5 cents.
Cash Grade A and Extra Grade nonfat dry milk closed Friday at $1.10, down three cents on the week. NASS nonfat dry milk averaged $1.1597, down 5.4 cents, and dry whey averaged 21.54 cents, down 0.6 cent
Provided courtesy of Dairyline.
Posted: September 19, 2008 at 6:28 pm
By News Editor
Cash cheese prices strengthened the third week in a row and block closed Friday September 19 at $1.9550 per pound, up 5 1/4-cents on the week and 14 cents above a year ago when they tumbled 17 1/2 cents, to $1.8150. Barrel closed at $1.9325, up a nickel on the week and 3 1/4 above a year ago. Only one car of block traded hands and none of barrel. The NASS U.S. average block price lost another 1.8 cents, hitting $1.7176, while barrel averaged $1.7092, up 1.9 cents.
Butter closed Friday at $1.7250, up 6 1/2-cents on the week, 35 1/2-cents above a year ago, and the highest price since September 2005. Nothing was sold. NASS butter averaged $1.6142, up 0.5 cent. NASS nonfat dry milk plunged 11.4 cents, averaging $1.2130, and dry whey averaged 22.15 cents, down 0.6 cent.
Cash Grade A and Extra Grade nonfat dry milk closed at $1.13, each, down 17 cents on the week.
Provided courtesy of Dairyline.
Posted: September 13, 2008 at 3:25 am
By Chuck Zimmerman
Dairy Markets Week in Review
Cash block cheese gained another 11 3/4-cents the second week of September, closing Friday at $1.9025 per pound, but that’s 8 3/4-cents below a year ago. Barrel closed at $1.8825, up 10 3/4-cents on the week but 10 3/4-cents below a year ago. Only one car of block traded hands on the week and four of barrel. The NASS-surveyed U.S. average block price fell to $1.7353, down 1.7 cents. Barrel averaged $1.6898, down 3.8 cents.
Butter closed at $1.66, unchanged on the week, 28 3/4-cents above a year ago. Only two cars traded hands on the week. NASS butter averaged $1.6090, up 2.2 cents. NASS nonfat dry milk averaged $1.3255 down 4.2 cents, and dry whey averaged 22.7 cents, down 0.8 cent.
Cash Grade A and Extra Grade nonfat dry milk lost 6 cents on the week and dipped to $1.30 per pound each.
Provided courtesy of Dairyline.
Posted: September 5, 2008 at 11:44 am
By Chuck Zimmerman
Dairy Markets Week in Review
The cash dairy markets gained ground the first week of September. Block cheese closed Friday morning at $1.7850 per pound, up 8 1/4-cents on the week, but 35 1/2-cents below that week a year ago. Barrel closed Friday at $1.7750, up 14 1/4-cents on the week but 29 1/2-cents below a year ago. Seven cars of block traded hands and 18 of barrel. The NASS-surveyed U.S. average block price fell to $1.7522, down 7.4 cents. Barrel averaged $1.7278, down 3.4 cents.
Butter closed at $1.66, up 4 3/4-cents on the week and 24 cents above a year ago. Two cars traded hands. NASS butter averaged $1.5870, down 3.9 cents. NASS nonfat dry milk averaged $1.3682, down 2.8 cents, and dry whey averaged 23.52 cents, 0.8 cent.
Provided courtesy of Dairyline.
Posted: August 22, 2008 at 2:16 pm
By Chuck Zimmerman
Dairy Markets Week in Review
The cash cheese roller coaster started the week heading down but rallied a little bit with 40-pound block closing Friday at $1.7125 per pound, down 4 3/4-cents on the week and 26 cents below that week a year ago. Barrel closed at $1.6625, down 7 1/2-cents on the week, and 27cents below a year ago. 42 cars of block traded hands and 17 of barrel. The NASS-surveyed U.S. average block price hit $1.9011, down 6.2 cents. Barrel averaged $1.7937, down 9.2 cents.
Cash butter saw a 3 1/2-cent loss on the week, closing Friday at $1.61, but still 18 3/4-cents above a year ago. Nine cars were sold. NASS butter averaged $1.5915, up 3.4 cents. NASS nonfat dry milk averaged $1.3621, down 3.6 cents, and dry whey averaged 24.60 cents, down 0.5 cent
Provided courtesy of Dairyline.
Posted: August 15, 2008 at 11:59 am
By Chuck Zimmerman
Dairy Markets Week in Review
The cheese price roller coaster is just that, a roller coaster. The August 8th rally appeared to continue Monday, with blocks gaining a penny following Friday’s 6 1/4-cent gain. Barrel jumped 3 cents, following a nickel gain the previous Thursday and Friday, but prices suffered a relapse from there and block closed Friday, August 15th at $1.76 per pound, down three quarter cents on the week, and 20 cents below a year ago.
Barrel closed at $1.70, down 2 cents on the week, and 19 cents below a year ago. Twenty seven cars of block traded hands on the week and 12 of barrel. The NASS-surveyed U.S. average block price hit $1.9627, down 0.6 cent. Barrel averaged $1.8853, down 6.6 cents.
Butter closed Friday at $1.6450, down a half-cent on the week but 26 1/2-cents above a year ago when it lost a dime. Thirty seven cars were sold this week. NASS butter averaged $1.5576, up 4.4 cents. Nonfat dry milk averaged $1.3953, down 0.2 cent, and dry whey averaged 25.13 cents, down 0.7 cent.
Provided courtesy of Dairyline.
Posted: August 8, 2008 at 3:40 pm
By Chuck Zimmerman
Dairy Markets Week in Review
Cheese price hemorrhaging continued early in the week of August 4 but a tourniquet was finally applied as the buyers stepped up to the plate. The blocks fell to $1.7050 on Thursday but rallied Friday, regaining 6 1/4-cents, and closed at $1.7675 per pound, down 6 3/4-cents on the week, and 17 1/4 below a year ago. The blocks lost 23 1/4-cents the previous week. Barrel closed Friday at $1.72, down 8 cents on the week, and 18 cents below a year ago. Thirty six cars of block traded hands on the week and 42 of barrel. The NASS U.S. average block price hit $1.9683, up 4.1 cents. Barrel averaged $1.9517 up 2.3 cents.
Butter did the opposite, jumping to $1.67 on Tuesday, but gave back 2 cents on Friday and closed at $1.65, up 7 1/2-cents on the week and 17 cents above a year ago. Thirty five cars were sold. NASS butter averaged $1.5138, down 0.5 cent. NASS nonfat dry milk averaged $1.3956, down 1.6 cents, and dry whey averaged 25.81 cents, down 0.5 cent.
Provided courtesy of Dairyline.
Posted: August 1, 2008 at 12:30 pm
By Chuck Zimmerman
Dairy Markets Week in Review
Cheese prices plunged after starting the week on a positive note. Block lost 11 1/4-cents on Wednesday and 13 1/4-cents on Thursday. Barrel saw a record single-day loss on Wednesday of 28 cents, though it rebounded 15 cents on Thursday.
When the dust settled Friday, block closed at $1.8350 per pound, down 23 1/4-cents on the week and 6 3/4-cents below that week a year ago. Barrel closed at $1.80, down 17 cents on the week and 6 1/4-cents below a year ago. Twenty seven cars of block traded hands on the week and 28 of barrel. The NASS U.S. average block price hit $1.9274, up 0.6 cent, and barrel averaged $1.9286, up 0.3 cent.
Cash butter closed Friday at $1.5750, up 3 1/2-cents on the week, and 7 1/4-cents above a year ago. Nothing was sold all week. NASS butter averaged $1.5189, up 0.7 cent. NASS nonfat dry milk averaged $1.4153, up 0.5 cent, and dry whey averaged 26.35 cents, up 0.6 cent.
Cash Grade A nonfat dry milk closed Friday at $1.44, down a penny and a quarter, and Extra Grade closed at $1.44, unchanged on the week.
Provided courtesy of Dairyline.
Posted: July 25, 2008 at 2:27 pm
By Chuck Zimmerman
Dairy Markets Week in Review
Block cheese closed the week at $2.0675 per pound, up 6 3/4-cents and 22 1/4-cents above a year ago when the blocks lost 11 1/2-cents and were trading at $1.8450. The Daily Dairy Report credited strong export demand for block cheese but says exports for barrel are non-existent.
Barrel, after losing 6 1/2-cents early in the week, gained it all back and closed Friday at $1.97, unchanged on the week, 14 cents above a year ago, and almost a dime below the blocks. Seven cars of block were sold this week and 12 of barrel. The NASS-surveyed U.S. average block price hit $1.9218, down 2.9 cents. Barrel averaged $1.9313, down 0.3 cent.
Butter closed at $1.54, up a penny on the week, and 2 cents above a year ago. Only three cars traded hands. NASS butter averaged $1.5127, down 2.8 cents. Nonfat dry milk averaged $1.4099, up 1.3 cents. Dry whey averaged 25.83 cents, down 0.9 cent.
Provided courtesy of Dairyline.
Posted: July 18, 2008 at 1:43 pm
By Chuck Zimmerman
Dairy Markets Week in Review
The cash cheese market strengthened this week as it awaited Friday afternoon’s June Milk Production report. Forty pound block closed at $2.00 per pound, up 6 3/4-cents on the week and 15 1/2-cents above a year ago, when the blocks tumbled 11 1/2-cents, to $1.8450.
500-pound barrel closed Friday at $1.97, up a nickel on the week and 13 cents above a year ago, when the barrels lost a dime. No block traded hands this week but three cars of barrel were sold. The NASS-surveyed U.S. average block price fell to $1.9512, down 4.3 cents. Barrel averaged $1.9346, down a nickel.
Butter fell to $1.53, down 2 cents on the week, but a penny above a year ago. Four cars were sold on the week. NASS butter averaged $1.5406, up 3.2 cents. NASS nonfat dry milk averaged $1.3957, down slightly, and dry whey averaged 26.67 cents, down 0.6 cent.
Provided courtesy of Dairyline.
Posted: July 11, 2008 at 12:53 pm
By Chuck Zimmerman
Dairy Markets Week in Review
Cash cheese prices reversed gears the first full week of July, National Ice Cream month. Cheese started the week with some losses but reversed direction. The cash block price closed Friday at $1.9325 per pound, up a penny on the week but 2 3/4-cents below that week a year ago. Barrel finished at $1.92, up 4 1/2-cents on the week but a penny below a year ago. Twenty nine cars of block traded hands on the week and 34 of barrel. The NASS-surveyed U.S. average block price fell 7 cents, to $1.9945. Barrel averaged $1.9849, down 10.5 cents.
Butter closed the week at $1.55, down a quarter-cent, but 6 cents above a year ago. Seven cars traded hands on the week. NASS-surveyed butter averaged $1.5083, up 3.6 cents. NASS Nonfat dry milk averaged $1.3955, up 3.3 cents, and dry whey averaged 2.26 cents, up 0.3 cent.
Provided courtesy of Dairyline.
Posted: July 5, 2008 at 4:50 pm
By Chuck Zimmerman
Dairy Markets Week in Review
The cash cheese market continues to weaken. The block price closed the 4th of July holiday shortened week at $1.9225 per pound, up a quarter-cent on the week but 4 1/4-cents below a year ago. Barrel closed at $1.8750, down 8 1/2-cents on the week and a nickel below a year ago. Fifteen cars of block traded hands on the week and three of barrel. The NASS U.S. average block price fell to $2.0648, down 8.7 cents. Barrel averaged $2.0895, also down 8.7 cents.
Cash butter remains strong with ice cream manufacturers bidding cream away from the churn. The CME cash price closed Thursday at $1.5525, up three-quarters of a cent on the week and 8 3/4-cents above a year ago. Seven cars traded hands on the week. NASS butter averaged $1.4724, up 0.3 cent. NASS nonfat dry milk averaged $1.3610, up slightly, and dry whey averaged 27.58 cents, down 0.1 cent.
Provided courtesy of Dairyline.
Posted: June 27, 2008 at 2:41 pm
By Chuck Zimmerman
Dairy Markets Week in Review
Block cheese closed the last full week of June Dairy Month at $1.92 per pound, down 4 cents, and 2 cents below that week a year ago. Barrel closed Friday at $1.96, up a penny on the week, and 5 cents above a year ago. Thirteen cars of block traded hands on the week and two of barrel. The NASS-surveyed U.S. average block price hit $2.1519, down 6.1 cents. Barrel averaged $1.1765, down a nickel.
Cash butter, which saw twelve consecutive sessions of gain, closed Friday at $1.5450, up 4 1/4-cents on the week and 6 cents above a year ago. Eight cars traded hands on the week. NASS butter averaged $1.4690, up 1.6 cents. NASS nonfat dry milk averaged $1.3610, up 2.9 cents, and dry whey averaged 27.69 cents, down 0.1 cent.
Market analyst, Alan Levitt said in Tuesday’s DairyLine that, over the last year the cheese price had six runs over $2.00 per pound but backed off once demand started to slow. In the five previous run ups, the block price fell to the $1.80s or lower, he said, so he expects that to happen this time as well.
Provided courtesy of Dairyline.
Posted: June 20, 2008 at 12:09 pm
By Chuck Zimmerman
Dairy Markets Week in Review
Checking the CME cash dairy markets; cheese saw its fourth consecutive week of loss. Block closed Friday at $1.96 per pound, down 8 cents on the week and 14 cents below a year ago. Barrel closed Friday at $1.95, down 20 cents on the week and 9 3/4-cents below a year ago. Ten cars of block traded hands on the week and seven of barrel. The lagging NASS-surveyed U.S. average block price hit $2.2129, up a nickel. Barrel averaged $2.2265, up 1.1 cent.
Cash butter gained 2 1/2-cents on the week, closing Friday at $1.5025, 1 1/4 cents above a year ago. Only three cars traded hands on the week. NASS butter averaged $1.4531, down 2.1 cents. NASS nonfat dry milk averaged $1.3305, down 3.1 cents, and dry whey averaged 27.81 cents, up 0.1 cent.
Cash Grade A nonfat dry milk closed Friday at $1.45 per pound, down a half-cent on the week. Four cars traded hands on the week. Extra Grade also closed Friday at $1.45, down a penny on the week.
Provided courtesy of Dairyline.
Posted: June 13, 2008 at 1:21 pm
By Cindy
Dairy Markets Week in Review
The cash block cheese market continued to weaken the second week of June and closed Friday at $2.04 per pound, down 12 cents on the week, and just 4 cents above a year ago. Barrel closed at $2.15, unchanged on the week, 10 cents above a year ago, and 11 cents above the blocks.
Sixteen cars of block traded hands on the week and none of barrel. The NASS-surveyed U.S. block average hit $2.1630, up 9.1 cents, while barrel averaged $2.2152, up 7.8 cents.
Butter closed at $1.4775, down a quarter-cent, and a quarter-cent below a year ago. Four cars sold. NASS butter averaged $1.4741, down 0.2 cent.
Nonfat dry milk averaged $1.3613, up 2.3 cents. Dry whey averaged 27.61 cents, up a half-cent. There were a couple of sales of nonfat dry milk in the cash market this week but prices were unchanged. Grade A held at $1.4650 and Extra Grade at $1.46.
Provided courtesy of Dairyline.
Posted: June 6, 2008 at 11:54 am
By Chuck Zimmerman
Dairy Markets Week in Review
The cash block cheese price lost another 7 cents this week, closing Friday at $2.16 per pound, still 18 3/4-cents above that week a year ago. Barrel closed at $2.15, down a nickel on the week but 22 cents above a year ago. Six cars of block traded hands on the week and four of barrel. The NASS-surveyed U.S. average block price finally topped two dollars, hitting $2.0719, up 8 cents. Barrel averaged $2.1371, up 11 cents.
Butter closed Friday at $1.48, unchanged on the week, but 2 1/4-cents below a year ago. Twenty six cars were sold. NASS butter averaged $1.4748, up a penny. NASS nonfat dry milk averaged $1.3389, up 2.5 cents. Dry whey averaged 27.09 cents, down 0.6 cent.
Cash Grade “A” nonfat dry milk gained a penny and a half on the week and closed at $1.4650. Extra Grade closed at $1.46, up a penny. Two cars were sold.
Provided courtesy of Dairyline.
Posted: May 30, 2008 at 2:12 pm
By Chuck Zimmerman
Dairy Markets Week in Review
Cash dairy prices were the center of attention in the shortened Memorial Day week as the industry awaited the arrival of June Dairy Month and the burst in the cheese price bubble which came Thursday.
Blocks fell 7 1/2-cents, ending almost 14 consecutive gains, but recovered 2 cents on Friday, to close at $2.23 per pound, down 5 1/2-cents on the week but 34 3/4-cents above a year ago. Barrel closed at $2.20, down a nickel on the week but 29 cents above a year ago. Four cars of block traded hands on the week and five of barrel. The NASS U.S. average block price hit $1.9925, up 3.6 cents. Barrel averaged $2.0167, up a nickel.
The CME’s Daily Dairy Report points out that Oceania Cheddar is selling at $2.18-$2.36 per pound and that U.S. Cheddar has been selling below Oceania levels since August, helping fuel U.S. cheese exports.
Cash butter closed Friday at $1.48, down a penny on the week and 6 1/2-cents below a year ago. Fourteen cars traded hands on the week. NASS butter averaged $1.4646, up 3.1 cents. NASS nonfat dry milk averaged $1.3144, up 2 cents, and dry whey averaged 27.69 cents, up 0.4 cent.
Provided courtesy of Dairyline.
Posted: May 23, 2008 at 2:02 pm
By Chuck Zimmerman
Dairy Markets Week in Review
The block cheese price hit a record high $2.2850 per pound on Friday the highest it’s been since November 2007, up 20 1/2-cents on the week and 48 1/4-cents above that week a year ago.
Barrel closed at $2.25, up 22 cents on the week and 45 cents above a year ago. Only three cars of block traded hands and 22 of barrel. The NASS U.S. average block price hit $1.9567, up 2.9 cents. Barrel averaged $1.9665, up 5.9 cents.
Cash butter took a breather following four weeks of gains and closed Friday at $1.49, down a penny on the week and 2 cents below a year ago. Fifteen cars were sold on the week. NASS butter averaged $1.4341, up 2.2 cents.
Both cash Grade A and Extra Grade nonfat dry milk closed Friday at $1.45 per pound, up 3 cents on the week. NASS powder averaged $1.2944, down 1 1/2-cents. Dry whey averaged 27.33 cents, up a penny.
Provided courtesy of Dairyline.
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