Food Business News - February 4, 2020 - 48

INGREDIENT MARKETS

Dairy Products

Dry products
f.o.b. plant, $ per lb
Jan. 31
.33 @ .38
.27 @ .36

Whey powder
Lactose
Whey protein concentrate
(34% edible)
.94 @ 1.10
Nonfat dry milk high-heat
Central/East
1.27 @ 1.40
West
1.35 @ 1.42
Nonfat dry milk medium-low heat
Central/East
1.25 @ 1.30
West
1.25 @ 1.30
Nonfat dry milk
CME
1.24
Buttermilk powder
1.13 @ 1.18
Casein - acid
3.60 @ 3.80
Casein - rennet
4.21 @ 4.32
Butter
$ per lb, Central
Butter 93AA (CME)

Year
ago
.44
.30

+1c

+1c

.83

-
-

-1c
+1c

1.05
1.07

-
-

+2c
+2c

.97
.97

-4¾c
-
-
-

-5c
+1c
+5c
+15c

1.00¼
.95
3.01
2.26

Jan. 31
1.90

- Change from -
Jan. 24 Jan. 17
+4c
+2c

Year
ago
2.29

Jan. 31

- Change from -
Jan. 24 Jan. 17

Year
ago

Cheese
$ per lb, Central
CME cheddar barrels
CME cheddar blocks
Cheddar (Blocks 40#)
Mozzarella
American 5# loaf

- Change from -
Jan. 24 Jan. 17
-
+1c
-
+1c

1.50
1.92
2.28½
2.63½
1.88

-11c
-7½c
+8½c
+8½c
+10c

-6¼c
-4¼c
+13¼c
+13¼c
+3¼c

Dry dairy product prices mostly
were unchanged but with a firmer tone
last week. Butter values firmed, and
cheese prices were mixed. Domestic spot
activity was slowed as some traders attended an industry conference, and new
export sales to Asia were slowed by the
Lunar New Year, which was extended in
efforts to control the coronavirus.
Prices of high-heat nonfat dry milk
(N.D.M.) were unchanged, but the tops
of price ranges moved higher, reflecting
tight supplies. Some processors increased production ahead of an expected
bump in spring demand. Low/mediumheat N.D.M. prices were unchanged with
a firm tone. Production was steady at
an active seasonal pace. Domestic and
export demand remained strong with
increased buying from the baking sector
noted, keeping inventories in balance.
The CME Group N.D.M. price declined.
Prices were raised 1c a lb for 34% whey
protein concentrate amid strong demand
and limited supplies of select brands.

1.30
1.50
1.67
2.01½ Nonfat dry milk high-heat Central/East
1.44 per lb, CME
$1.50

Fluid products

$1.40

$ per cwt, Central
Jan. 31
CME class III milk
CME class IV milk

17.05
16.71

- Change from -
Jan. 24 Jan. 17
+5c
-

+6c
-7c

Compiled from private sources, U.S. Department of Agriculture and
Chicago Mercantile Exchange.

Year
ago

$1.30
$1.20

14.02
15.83 $1.10
$1.00
F

M

A

N

Prices of other dry products mostly
were unchanged with supply and demand
in balance and spot supplies available.
CME Group butter prices fell to a
39-month low on Jan. 28, recovered to
end the week higher but remained about
17% below year-ago levels. Low-priced
cream supplies were ample, prompting
churners to run strong and put butter
into storage, which boosted inventory
levels. At the same time, some butter
manufacturers were opting to limit
churning amid weak butter demand,
which has been below expectations.
Cheese prices were mixed with CME
Group cheddar values tumbling but
values on the wholesale market posting
strong gains. Production was active, but
stocks were not heavy as demand has
remained above expectations in some
areas. Demand typically eases after the
football season ends.
Milk production in the 24 major
states was 17 billion lbs in December, up
0.9% from December 2018, with outturn
for the full year at 218 billion lbs, up 0.6%,
the U.S. Department of Agriculture said
in its latest Milk Production report. The
number of milk cows in December was up
16,000 head from a year earlier and has
been above the year-ago level for three
consecutive months, but the average for
all of 2019 was down 33,000 head, reflecting lower numbers earlier in the year.
Milk produced per cow in 2019 was up 1%
from 2018 at 23,647 lbs. FBN

CDP FINE-MIX™ Custom Products
* Nonfat Dry Milk Replacers- Low,
Medium & High Heat
* Instant Nonfat Dry Milk
* Buttermilk- Sweet Cream and
High Acid
* Cultured Nonfat and Buttermilk
* Whole Milk Replacers
* Cream Powders- 40-70% Fat
* Sour Cream Powders
* Yogurt Powders

* Cream Cheese Powders
* Anti-Caking/Anti-Mycotic Agents
* Infant & Nutritional Formulas
* Bake-Rite Dough Developer
* Non-Dairy Creamers & Whipped
Topping Bases
* Confectionery Blends
* CDP Fine-Mix™ Custom Formulations

Contact: Fred Smith *
800-441-1001 *
P.O. Box 335, 1407 New Road,
Linwood, NJ 08221
Email: fsmith@clofinedairy.com
www.clofinedairy.com

48

Food Business News

February 4, 2020


http://www.clofinedairy.com

Food Business News - February 4, 2020

Table of Contents for the Digital Edition of Food Business News - February 4, 2020

Food Business News - February 4, 2020
Winter Fancy Food Show Report - Trends at the 2020 Winter Fancy Food Show
Contents
From the Editor - Move away from single-use plastic shifting into hyperdrive
News
Washington - F.D.A. proposes adding glucomannan to dietary fiber definition
Market Insight - Cocoa market strengthens despite mixed grind data
Winter Fancy Food Show
Ingredient Applications - Tasting success in plant protein formulations
Beverage Business News - There's a beverage for that ...
New Food Insider
Ingredient Market Trends: In the Spotlight - Waiting for China sales amid coronavirus and other uncertainties
Ingredient Markets
Supplier Innovations and News
Classifieds
Ad index
Food Business in the News
Food Business News - February 4, 2020 - Winter Fancy Food Show Report - Trends at the 2020 Winter Fancy Food Show
Food Business News - February 4, 2020 - Winter Fancy Food Show Report - Trends at the 2020 Winter Fancy Food Show
Food Business News - February 4, 2020 - 2
Food Business News - February 4, 2020 - 3
Food Business News - February 4, 2020 - Contents
Food Business News - February 4, 2020 - 5
Food Business News - February 4, 2020 - 6
Food Business News - February 4, 2020 - From the Editor - Move away from single-use plastic shifting into hyperdrive
Food Business News - February 4, 2020 - News
Food Business News - February 4, 2020 - 9
Food Business News - February 4, 2020 - 10
Food Business News - February 4, 2020 - 11
Food Business News - February 4, 2020 - 12
Food Business News - February 4, 2020 - 13
Food Business News - February 4, 2020 - 14
Food Business News - February 4, 2020 - 15
Food Business News - February 4, 2020 - 16
Food Business News - February 4, 2020 - 17
Food Business News - February 4, 2020 - 18
Food Business News - February 4, 2020 - 19
Food Business News - February 4, 2020 - 20
Food Business News - February 4, 2020 - 21
Food Business News - February 4, 2020 - 22
Food Business News - February 4, 2020 - 23
Food Business News - February 4, 2020 - Washington - F.D.A. proposes adding glucomannan to dietary fiber definition
Food Business News - February 4, 2020 - 25
Food Business News - February 4, 2020 - Market Insight - Cocoa market strengthens despite mixed grind data
Food Business News - February 4, 2020 - 27
Food Business News - February 4, 2020 - Winter Fancy Food Show
Food Business News - February 4, 2020 - 29
Food Business News - February 4, 2020 - 30
Food Business News - February 4, 2020 - 31
Food Business News - February 4, 2020 - Ingredient Applications - Tasting success in plant protein formulations
Food Business News - February 4, 2020 - 33
Food Business News - February 4, 2020 - 34
Food Business News - February 4, 2020 - 35
Food Business News - February 4, 2020 - 36
Food Business News - February 4, 2020 - 37
Food Business News - February 4, 2020 - Beverage Business News - There's a beverage for that ...
Food Business News - February 4, 2020 - 39
Food Business News - February 4, 2020 - 40
Food Business News - February 4, 2020 - 41
Food Business News - February 4, 2020 - New Food Insider
Food Business News - February 4, 2020 - 43
Food Business News - February 4, 2020 - 44
Food Business News - February 4, 2020 - Ingredient Market Trends: In the Spotlight - Waiting for China sales amid coronavirus and other uncertainties
Food Business News - February 4, 2020 - Ingredient Markets
Food Business News - February 4, 2020 - 47
Food Business News - February 4, 2020 - 48
Food Business News - February 4, 2020 - 49
Food Business News - February 4, 2020 - 50
Food Business News - February 4, 2020 - 51
Food Business News - February 4, 2020 - 52
Food Business News - February 4, 2020 - 53
Food Business News - February 4, 2020 - 54
Food Business News - February 4, 2020 - 55
Food Business News - February 4, 2020 - Supplier Innovations and News
Food Business News - February 4, 2020 - 57
Food Business News - February 4, 2020 - Classifieds
Food Business News - February 4, 2020 - 59
Food Business News - February 4, 2020 - 60
Food Business News - February 4, 2020 - Ad index
Food Business News - February 4, 2020 - Food Business in the News
Food Business News - February 4, 2020 - 63
Food Business News - February 4, 2020 - 64
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