Posted: March 5, 2010 at 12:43 pm
By Chuck
Dairyline Markets In Review
Block cheese fell 4 1/4-cents the first week of March, closing Friday at $1.2975 per pound, but that’s still 9 3/4-cents above that week a year ago. Barrel closed at $1.25, down 4 cents on the week, but 3 cents above a year ago. Eight cars of block traded hands on the week and 34 of barrel. The NASS-surveyed U.S. average block price fell 1.4 cents, to $1.4921. Barrel averaged $1.4661, down 3.4 cents.
Thankfully, the butter market remains strong, closing Friday at $1.45, up 4 1/2-cents on the week and 28 1/4-cents above a year ago. Only one car was sold all week. NASS butter averaged $1.3592, up 1.9 cents.
Cash Grade A nonfat dry milk lost a penny on the week, closing Friday at $1.11. Extra Grade plunged 12 cents, dipping to $1.12. NASS powder averaged $1.0448, down 2.5 cents, and dry whey averaged 38.94 cents, down 0.5 cent.
Provided courtesy of Dairyline.
Posted: February 26, 2010 at 2:07 pm
By Chuck
Dairyline Markets In Review
Cash cheese prices lost more ground in the final week of February. The blocks closed Friday at $1.34 per pound, down 7 1/4-cents on the week, but are still 16 1/2-cents above a year ago when the blocks plunged 13 1/2 cents, to $1.1750. Barrel cheese closed Friday at $1.29, down 8 3/4-cents on the week, but 11 cents above a year ago.
The losses were on top of the previous week’s declines of 9 1/4 and 6 3/4-cents respectively. Thirty one loads of block traded hands on the week and 15 of barrel. The lagging NASS-surveyed U.S. average price on block cheese gained 0.4 cent, hitting $1.5059. Barrel averaged $1.5005, down 0.9 cent.
Butter closed February at $1.4050 per pound, up 4 1/2-cents on the week, and 25 1/2-cents above a year ago. Thirteen cars sold on the week and the NASS butter price averaged $1.3407, down a penny . NASS nonfat dry milk averaged $1.0697, down 7.2 cents, and dry whey averaged 39.46 cents, down 0.1 cent.
Provided courtesy of Dairyline.
Posted: February 19, 2010 at 5:09 pm
By News Editor
Dairyline Markets In Review
Cash cheese prices headed south in the President’s Day holiday shortened week as the markets awaited Friday afternoon’s January Milk Production report. The blocks closed Friday morning at $1.4125 per pound, down 9 1/4-cents on the week, but still 10 1/4-cents above a year ago. The barrels closed at $1.3775, down 6 3/4-cents on the week, and 10 3/4s below a year ago. Fifteen cars of block traded hands on the week and 12 of barrel. The NASS U.S. average block price hit $1.5024, up 2.7 cents. Barrel averaged $1.5098, down 1.6 cents.
Butter lost a penny Tuesday, then jumped a nickel, but gave back 2 on Friday to close at $1.36, up 2 cents on the week, and 25 3/4-cents above a year ago. Twenty eight cars were sold. NASS butter averaged $1.3503, down 4.2 cents.
Cash Grade A nonfat dry milk finished the week at $1.12, up 1 1/2-cents, while Extra Grade held all week at $1.24. NASS nonfat dry milk averaged $1.1417, down 0.3 cent, and dry whey averaged 39.6 cents, up 0.6 cent.
Provided courtesy of Dairyline.
Posted: February 12, 2010 at 2:52 pm
By Chuck
Dairy Markets Week in Review
Cash dairy prices have the full attention of farmers, bankers, and processors as the “recovery” appears to be slowing, even though cash block cheese closed the second week of February at $1.5050 per pound, up 1 1/4-cents on the week and 26 1/2-cents above that week a year ago. Barrel closed Friday at $1.4450, down 2 3/4-cents on the week but 21 1/2-cents above a year ago. Four cars of block traded hands on the week and six of barrel. The NASS-surveyed U.S. average block price gained 2.5 cents, hitting $1.4750. Barrels averaged $1.5258, up 2.3 cents.
Butter closed at $1.34, up 1 1/4-cents on the week and 23 3/4-cents above a year ago. Eleven cars sold. NASS butter averaged $1.3912, down 1.3 cents.
Cash Grade A nonfat dry milk closed Friday at $1.1050, down 4 1/2-cents on the week. Extra Grade held all week at $1.24. NASS powder averaged $1.1448, up 1.2 cents. Dry whey averaged 39 cents per pound, up 0.1 cent.
Provided courtesy of Dairyline.
Posted: February 5, 2010 at 3:18 pm
By Chuck
Dairy Markets Week in Review
The cash cheese market weakened the first week of February, sending shivers to farmers and their bankers. With Super Bowl demand behind us it remains to be seen what happens next. The cash block price closed the first Friday of February at $1.4925 per pound, down 2 1/4-cents on the week, but still 33 1/2-cents above that week a year ago.
The barrels closed at $1.4725, down 3 1/4-cents on the week, and 32 1/2-cents above a year ago. Only one car of block traded hands on the week and two of barrel. The NASS-surveyed U.S. average block price fell 1.4 cents, to $1.4502, while the barrels gained 2.6 cents, averaging $1.5024.
Cash butter started the week losing 2 cents, then gained almost 4 cents, but gave back 2 on Friday to close at $1.3275, down a quarter-cent on the week, but 22 1/2-cents above a year ago. Twenty four cars traded hands on the week. NASS butter averaged $1.4039, up 1.9 cents.
Cash Grade A nonfat dry milk closed the week at $1.15, down 4 cents, and Extra Grade held all week at $1.24. NASS nonfat dry milk reversed gears, averaging $1.1328, up 4.1 cents, following the previous week’s 19.6-cent loss. Dry whey averaged 38.94 cents, up 0.3 cent.
Provided courtesy of Dairyline.
Posted: January 29, 2010 at 3:59 pm
By Chuck
Dairy Markets Week in Review
The cash market saw block cheese move higher for the third week in a row while butter and nonfat dry milk plunged the final week of January. Cash block cheese closed Friday at $1.5150 per pound, up 3 1/2-cents on the week and 36 1/2-cents above a year ago. Barrel closed at $1.5050, unchanged on the week, and 39 cents above a year ago. Ten carloads of each traded hands on the week. The NASS-surveyed block price averaged $1.4644 across the U.S., down 8.4 cents. Barrel averaged $1.4769, down 0.3 cent.
Butter closed the week at $1.33, 13 3/4-cents below the previous week, but
22 3/4-cents above a year ago. Thirteen cars were sold on the week. NASS butter averaged $1.3854, up 4.6 cents.
Cash Grade A nonfat dry milk closed Friday at $1.19, down 11 cents, and Extra Grade closed at $1.24, down 6 cents. NASS powder averaged $1.0917, down a whopping 19.6 cents, and dry whey averaged 38.66 cents, down 0.3 cent.
Provided courtesy of Dairyline.
Posted: January 22, 2010 at 4:01 pm
By Chuck
Dairy Markets Week in Review
Cash dairy prices were mixed in the Martin Luther King Day holiday shortened week. Block cheese closed Friday at $1.48 per pound, up 6 1/2-cents on the week and 40 1/2-cents above a year ago. Barrel closed at $1.5050, up 4 cents on the week, and 40 1/2-cents above a year ago. Four cars of block traded hands on the week and one of barrel. The NASS-surveyed U.S. average block price lost 9.3 cents, slipping to $1.5483. Barrel averaged $1.4794, up 0.1 cent.
Butter went in the other direction, closing Friday at $1.4675, down 5 3/4-cents on the week, but still 36 1/2-cents above a year ago. Fourteen cars were sold. NASS butter averaged $1.3391, up 0.9 cent. NASS nonfat dry milk averaged $1.2879, down 6.3 cents, and dry Whey averaged 39.02 cents, up 0.2 cent.
Provided courtesy of Dairyline.
Posted: January 16, 2010 at 7:41 am
By Chuck
Dairy Markets Week in Review
All eyes are on the cash dairy markets as three weeks of declines in block cheese came to an end and the butter market started to heat up. The second full week of 2010 saw the block price close at $1.4150 per pound, up a half-cent on the week, and 34 1/2-cents above that week a year ago. Barrel closed Friday at $1.4650, up 3 1/4-cents on the week, 37 1/2-cents above a year ago, and a nickel above the blocks. Nineteen cars of block traded hands on the week and only three of barrel. The NASS-surveyed U.S. average block price dropped 6 cents, to $1.6407. Barrel averaged $1.4783, down 0.9 cent.
Butter closed the week at $1.5250, up 18 cents, and 41 1/4-cents above a year ago. Twenty six cars were sold. NASS butter averaged $1.3302, down 0.7 cent.
Cash Grade A and Extra Grade nonfat dry milk closed the week at $1.30 per pound, down 7 and 8 1/2 cents respectively. NASS nonfat dry milk averaged $1.3507, up 7 cents, and dry whey averaged 38.79 cents, down 0.2 cent.
Provided courtesy of Dairyline.
Posted: January 8, 2010 at 2:36 pm
By Chuck
Dairy Markets Week in Review
The first week of trading in 2010 saw cash block cheese fall to $1.41 per pound, down 4 cents on the week but 33 3/4-cents above a year ago. The blocks have lost 29 1/4-cents in the last three weeks.
The barrels closed the first Friday of 2010 at $1.4325, up a quarter-cent on the week and 36 1/4-cents above a year ago. Barrels got as low as $1.03 on January 7, 2009. Twenty four cars of block traded hands in the first week of 2010 and 12 of barrel. The NASS-surveyed U.S. block average hit $1.7004, up 0.9 cent. The barrels averaged $1.4878, down 1.2 cents.
Butter closed Friday at $1.3450, up 1 3/4-cents on the week and 23 1/2 above a year ago. 28 cars were sold. NASS butter averaged $1.3370, down 1.9 cents.
Cash Grade A nonfat dry milk held at $1.37 but Extra Grade closed at $1.3850, down 1 1/2-cents on the week. NASS powder averaged $1.2807, down 5.2 cents, and dry whey averaged 38.57 cents, up 1.3 cents on the week.
Provided courtesy of Dairyline.
Posted: December 31, 2009 at 4:11 pm
By Chuck
Dairy Markets Week in Review
Cash cheese prices at the Chicago Mercantile Exchange ended the year on a down note and corrected the unusually large price spread, but prices are sharply above those a year ago. The block price closed New Year’s Eve at $1.45 per pound, down 11 3/4-cents on the holiday shortened week, but a whopping 31 3/4-cents above that week a year ago when they tumbled almost 14 cents, to $1.1325. This week’s loss was in addition to the previous week’s 13 1/3 cent decline.
Barrels closed at $1.43, down a penny on the week but 30 cents above a year ago. Sixteen cars of block traded hands on the week and three of barrel. The NASS surveyed U.S. average block price hit $1.6917, up 1.7 cents. Barrel averaged $1.4994, down 1.5 cents.
Butter held all week at $1.3275, 19 3/4-cents above a year ago. Nothing sold. NASS butter averaged $1.3556, down 8 cents. NASS nonfat dry milk averaged $1.3327, up 4.3 cents, and dry whey averaged 37.25 cents, up 0.3 cent.
Provided courtesy of Dairyline.
Posted: December 24, 2009 at 12:47 pm
By Chuck
Dairy Markets Week in Review
Block cheese closed the shortened holiday week at $1.5675 per pound, down 13 1/2-cents on the week, but 29 3/4-cents above that week a year ago. Barrel closed Thursday at $1.44, unchanged on the week, 13 1/4-cents above a year ago, and 12 3/4-cents below the blocks. Twenty seven cars of block traded hands on the week and six of barrel.
Butter closed Thursday at $1.3275, up a quarter-cent on the week, and 18 3/4-cents above a year ago. Twelve cars were sold on the week.
Provided courtesy of Dairyline.
Posted: December 18, 2009 at 1:01 pm
By Chuck
Dairy Markets Week in Review
Industry eyes are on the large price spread which grew this week between Chicago Mercantile Exchange block and barrel cheese. It is the longest lived spread ever and is hurting barrel manufacturers particularly.
The blocks closed the third week of December at $1.7025 per pound, up a quarter-cent on the week, and 40 cents above a year ago when the blocks plunged 21 cents, to $1.3025. Barrel closed December 18 at $1.44, down 2 cents on the week, 8 1/2-cents above a year ago, but 26 1/4-cents below the block price. Forty five cars of block traded hands on the week and only two of barrel. The NASS-surveyed U.S. average block price averaged $1.6227, up 3.8 cents. Barrel averaged $1.5165, down slightly.
Butter closed at $1.3250, down 12 1/2-cents on the week, but 15 1/2-cents above a year ago. Eight cars were sold. NASS butter averaged $1.4520, down 4.6 cents.
Cash Grade A nonfat dry milk closed Friday at $1.37, down a penny. Extra Grade held all week at $1.40. NASS nonfat dry milk averaged $1.2756, up 1.4 cents. Dry whey averaged 36.34 cents, up 0.1 cent.
Provided courtesy of Dairyline.
Posted: November 25, 2009 at 7:04 pm
By Chuck
Dairy Markets Week in Review
The cash cheese market showed more strength during the shortened Thanksgiving week. The blocks gained five cents, to close at $1.65 per pound, but that’s still 15 1/4-cents below a year ago. Barrels gained a penny, to close at $1.51, 28-cents below a year ago and 14 cents below the blocks. Three cars of block traded hands on the week and five of barrel.
Butter remained unchanged at $1.5250. That’s cents 2 1/2-cents above a year ago. Sixteen cars traded hands on the week. Cash powder was quiet with Grade A and Extra Grade both remaining at $1.40.
Provided courtesy of Dairyline.
Posted: November 20, 2009 at 11:26 pm
By News Editor
Dairy Markets Week in Review
The cash dairy markets showed little reaction to the milk production data which appeared bullish; but concern over the October Cold Storage report, may have kept the markets from moving much, though block cheese gained almost 2 cents Friday morning and the barrels jumped 5 3/4 cents.
Block cheese closed the third Friday of November at $1.60 per pound, up 2 1/2-cents on the week, but still 17 cents below a year ago. Barrel closed at $1.50, up 5 3/4-cents on the week, 24 cents below a year ago, and a dime below the blocks. Seven cars of block traded hands on the week and three of barrel. The NASS-surveyed U.S. average block price hit $1.5044 per pound, up 3 cents. Barrel averaged $1.5113, up 0.8 cent.
Butter closed the week unchanged at $1.5250, but 6 1/2-cents below a year ago. Thirteen cars were sold on the week. NASS butter averaged $1.4004, up 8.6 cents.
Both cash Grade A and Extra Grade nonfat dry milk closed Friday at $1.40 per pound, up 2 cents on the week for the Grade A. NASS powder averaged $1.1115, down 0.7 cent, and dry whey averaged 34.68 cents, up 0.3 cent.
Provided courtesy of Dairyline.
Posted: November 14, 2009 at 10:47 pm
By News Editor
Dairy Markets Week in Review
The cash cheese market sent some mixed signals the second week of November. The blocks inched a penny higher on Monday and stayed there until Friday when they gained another half cent, to close at $1.5750 per pound, but that’s 14 1/4-cents below a year ago. Barrels lost 9 cents during the week but regained three quarters on Friday, to close at $1.4425, 25 1/4-cents below a year ago and 13 1/4 below the blocks. Twenty five cars of block traded hands on the week and 12 of barrel. The NASS U.S. average block price inched 0.7 cent higher, to $1.4756. Barrel averaged $1.5029, up 2.9 cents.
Butter started the week with a 2 1/2-cent jump, to $1.5250, and that was all she wrote. That’s 11 cents below a year ago. Twenty nine cars traded hands on the week. NASS-surveyed butter averaged $1.3140, up 1.9 cents.
Cash powder was pretty quiet all week though Grade A gained a penny, to close at $1.38, while Extra Grade held at $1.40. NASS powder averaged $1.1215, up 10.2 cents. Dry whey averaged 34.39 cents, up 0.4 cent.
There were no price support purchases on the week nor were there any Dairy Export Incentive program bid acceptances.
Provided courtesy of Dairyline.
Posted: November 6, 2009 at 8:11 pm
By News Editor
Dairy Markets Week in Review
Dairy farmers are seeing more light at the end of their financial tunnel as dairy product prices continue to climb. The cash block cheese price closed the first Friday of November at $1.56 per pound, up a nickel on the week and the highest since mid-December 2008, however it’s still 9 cents below a year ago. Barrel closed Friday at $1.5250, up 3 3/4-cents on the week, but 11 1/4-cents below a year ago. Twenty three cars of block was sold on the week and seven of barrel. The lagging, milk price-dictating, NASS-surveyed, U.S. average block price hit $1.4690, up 1.7 cents on the week. Barrel averaged $1.4738, up 1.5 cents.
Cash butter closed the week at $1.50, up 9 cents, but still 13 1/2-cents below a year ago. Only four cars were sold. NASS butter averaged $1.2968, up a nickel.
Cash Grade A nonfat dry milk closed Friday at $1.37, up 3 1/2-cents on the week, while Extra Grade closed at $1.40, up 13 cents and even saw a trade this week. The NASS-surveyed powder price averaged $1.0190, down 1.6 cents, and dry whey averaged 34.02 cents, up 1.4 cents.
There were no Dairy Export Incentive Program bid acceptances this week and no price support program purchases, leaving the cumulative powder purchase total at 132,276 pounds, compared to 37 million pounds a year ago.
Provided courtesy of Dairyline.
Posted: October 30, 2009 at 11:41 am
By Chuck
Dairy Markets Week in Review
Cash cheese prices saw little change the last week of October as the temporary increased government purchases prices were likely returned to their previous levels on Halloween Day. The block cheese price closed Friday at $1.51 per pound, up a penny on the week but 9 3/4-cents below a year ago when they plunged 13 cents, to $1.6075. Barrel closed Friday at $1.4875, down a half-cent on the week and 19 3/4-cents below a year ago. Eleven cars of block traded hands this week and one of barrel. The NASS-surveyed U.S. average block price hit $1.4523, up 3.2 cents. Barrel averaged $1.4592, up 3 cents.
Butter closed at $1.41, up 6 cents on the week, but 27 1/2-cents below a year ago. Fourteen cars were sold. NASS butter averaged $1.2473, up 2.6 cents.
Cash Grade A nonfat dry milk gained a penny this week, closing at $1.3350, while Extra Grade remained at $1.27. NASS nonfat powder averaged $1.0345, down 1.2 cents, and dry whey averaged 32.64 cents per pound, up 0.6 cent.
There were no price support purchases on the week, leaving the cumulative total on nonfat dry milk at 132,276 pounds. That compares to 24 million pounds that week a year ago. Dairy Export Incentive Program bid acceptances included 462,966 pounds of anhydrous milk fat and 123,458 pounds of Cheddar cheese.
Provided courtesy of Dairyline.
Posted: October 23, 2009 at 11:52 am
By Chuck
Dairy Markets Week in Review
Cash cheese prices started the week on a down note but switched gears and ended Friday with the blocks trading at $1.50 per pound, up 7 cents on the week but 23 3/4-cents below a year ago. Barrel closed at $1.4925, up 6 1/4-cents on the week, but 19 1/4-cents below a year ago. Fourteen cars of block traded hands on the week and none of barrel. The lagging NASS-surveyed U.S. average block price shot up 5.4 cents, to $1.4201. Barrel averaged $1.4290, up 4 cents.
Cash butter jumped 10 3/4-cents on the week, closing Friday at $1.35, but that’s still 40 cents below a year ago. Thirty four cars were sold on the week. NASS butter averaged $1.2209, down a penny.
Cash Grade A nonfat dry milk closed the week at $1.3250 and Extra Grade closed at $1.27, both were up a penny on the week. NASS powder averaged $1.0460, up 3 cents, and dry whey averaged 32.02 cents, up 0.3 cent.
Uncle Sam purchased 132,276 pounds of nonfat dry milk under the price support program this week. He’s not doing holiday baking yet but is testing new bags.
Dairy Export Incentive Program bid acceptances included 1.16 million pounds of Cheddar cheese, 81,570 pounds of Mozzarella, and 2.4 million pounds of butter.
Provided courtesy of Dairyline.
Posted: October 16, 2009 at 12:07 pm
By Chuck
Dairy Markets Week in Review
The cheese price roller coaster took a dip the second week of October, with the blocks closing at Friday at $1.43 per pound, down 7 1/4-cents on the week, and 36 cents below a year ago when they lost 9 cents. The barrels, after gaining 2 3/4-cents on Monday, gave it back Friday, to also close at $1.43, unchanged on the week, but 47 cents below a year ago. Twenty four cars of block were sold on the week and two of barrel. The NASS U.S. average block price jumped 5.6 cents, to $1.3661. Barrel averaged $1.3893, up 4.7 cents.
Butter closed at $1.2425, up a half-cent on the week but 49 3/4-cents below a year ago. Six cars were sold. NASS butter averaged $1.2310, up 2.5 cents.
Cash Grade A nonfat dry milk tacked on another 3 1/2-cents this week, closing Friday at $1.3150. Extra Grade closed at $1.26, up 4 cents. NASS powder averaged $1.0162, up a half-cent. Dry whey averaged 31.74 cents, up 1.6 cents.
Dairy Export Incentive Program bid acceptances included 145,504 pounds of Mozzarella cheese, 165,345 pounds of butter
Provided courtesy of Dairyline.
Posted: October 9, 2009 at 12:12 pm
By Chuck
Dairy Markets Week in Review
Cash dairy product prices keep strengthening. The block cheese price hit $1.5025 per pound the second Friday in October, up 6 3/4-cents on the week and the highest it has been since last December, but 37 3/4-cents below that week a year ago. Barrel closed Friday at $1.43, up a penny on the week, but 40 1/2-cents below a year ago. Only two cars of each traded hands on the week. The lagging NASS surveyed U.S. average block price slipped 0.3 cent, to $1.3106. Barrel averaged $1.3428, up 3.8 cents.
Butter gained a penny and then gave some back Friday, closing at $1.2375, up a quarter-cent on the week, but 46 1/2-cents below a year ago. Eight cars were sold. NASS butter averaged $1.2065, down 0.1 cent.
Cash Grade A nonfat dry milk closed the week at $1.28 per pound, up a dime on the week. Extra Grade closed at $1.22, up 7 cents. NASS powder averaged $1.0102, up 3.2 cents, and dry whey averaged 30.18 cents, down 0.1 cent.
There were no price support purchases on the week and the new fiscal year began October 1. DEIP bid acceptances this week included 3.3 million pounds of anhydrous milkfat, 176,368 pounds of Cheddar cheese, and 90,389 pounds of Mozzarella cheese.
Provided courtesy of Dairyline.
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