Food Business News - October 13, 2020 - 38

INGREDIENT MARKETS

Dairy Products

Dry products
f.o.b. plant, $ per lb
Oct. 9
.32 @ .37
.45 @ .55

Whey powder
Lactose
Whey protein concentrate
(34% edible)
.82 @ .97
Nonfat dry milk high-heat
Central/East
1.13 @ 1.25
West
1.10 @ 1.30
Nonfat dry milk medium-low heat
Central/East
1.08 @ 1.13
West
1.08 @ 1.16
Nonfat dry milk
CME
1.12½
Buttermilk powder
.93 @ 1.03
Casein - acid
3.60 @ 3.80
Casein - rennet
3.47 @ 3.54
Butter
$ per lb, Central
Butter 93AA (CME)

Year
ago
.31
.23

+2¢

+8¢

.85

+1¢
-

-
-

1.18
1.20

+1¢
+2¢

+6¢
+7¢

1.09
1.09

+¼¢
+2¢
-
-

+4½¢
+2¢
-
-

1.16½
1.06
3.13
2.98

Oct. 9
1.41¼

- Change from -
Oct. 2 Sept. 25
-9¾¢
-9¢

Year
ago
2.09½

Oct. 9

- Change from -
Oct. 2 Sept. 25

Year
ago

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

- Change from -
Oct. 2 Sept. 25
+1¢
+2¢
-
-

2.05½
2.64¾
2.86¼
3.21¼
2.07¾

+10¢
+3¾¢
-
-
+17¼¢

+42¼¢
+10¾¢
+22¢
+22¢
+19½¢

2.02¼
2.10
2.28½ Nonfat dry milk high-heat Central/East
2.63½
per lb, CME
2.01½
$1.50

Fluid products

$1.40

$ per cwt, Central
Oct. 9
CME class III milk
CME class IV milk

The firming trend continued in dry
dairy products and cheese last week
while butter prices slipped.
Nonfat dry milk (NDM) prices were
firm to 2¢ a lb higher. Good domestic
demand was met with still active but
somewhat seasonally lighter production
of low/medium-heat NDM as processors
also had to boost output of items such as
dry buttermilk, dry whole milk and highheat NDM. Spot supplies were tight in
most areas. Price advances have slowed
export interest even though US supply
remained competitive internationally.
Sales of NDM and certain other
dairy products still were being affected
by COVID-19, the US Department of
Agriculture said, noting that part of the
current demand push was the result of
refilling pipelines that were allowed
to thin earlier in the pandemic due to
demand uncertainty at the time. At the
same time, some users continued to buy
hand-to-mouth (spot market) because
of ongoing uncertainty about demand

20.63
13.49

- Change from -
Oct. 2 Sept. 25
+62¢
-37¢

+432¢
+77¢

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

Year
ago

$1.30
$1.20

18.57
16.40 $1.10
$1.00
O

J

A

J

for their products, also the result of the
coronavirus. NDM shipments in August
were up 24% from a year ago and were up
29% from July, the USDA said.
Prices of dry whey, 34% whey
protein concentrate and dry buttermilk
were raised as fourth-quarter and yearend orders increased. In the West, active
exports of dry whey to Southeast Asia
pulled supply from the domestic market.
Ongoing strong cheese production
meant dry whey production was active,
but new sales and contract commitments
kept inventories in check. Production of
34% WPC eased while demand improved,
with higher NDM prices also providing
an underpinning. Dry buttermilk demand from the baking sector increased.
CME Group cheddar prices posted
modest gains through Oct. 8 while
wholesale varieties were steady to higher. Little has changed in recent weeks
with retail cheese demand still strong
and foodservice demand improving but
still mixed and below average levels.
Cheese production remained active.
Butter churning was active, and
supplies were available. An uptick in
coronavirus cases in many areas renewed unease about sales to foodservice,
which already were below average.
"Fall baking needs are a shot in the
arm for retail butter sales as the market
gains seasonal momentum," the USDA
said, noting increased advertising last
week. FBN

A Century of
Dairy Expertise
Bringing you quality ingredients at competitive
prices for over 100 years.

* AA Butter - Salted & Unsalted
(Domestic & Imported)
* AMF/Butteroil (Domestic & Imported)
* Whole Milk Powder (Domestic & Imported)
* Nonfat Dry Milk
* Pasteurized Grade A Fluid Sweet Cream
* Cheeses - Cheddar, Mozzarella & Cream Cheese

38

Food Business News

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

October 13, 2020


http://www.nedairy.com http://www.clofi http://www.nedairy.com

Food Business News - October 13, 2020

Table of Contents for the Digital Edition of Food Business News - October 13, 2020

Food Business News - October 13, 2020 - 1
Food Business News - October 13, 2020 - 1
Food Business News - October 13, 2020 - 2
Food Business News - October 13, 2020 - 3
Food Business News - October 13, 2020 - 4
Food Business News - October 13, 2020 - 5
Food Business News - October 13, 2020 - 6
Food Business News - October 13, 2020 - 7
Food Business News - October 13, 2020 - 8
Food Business News - October 13, 2020 - 9
Food Business News - October 13, 2020 - 10
Food Business News - October 13, 2020 - 11
Food Business News - October 13, 2020 - 12
Food Business News - October 13, 2020 - 13
Food Business News - October 13, 2020 - 14
Food Business News - October 13, 2020 - 15
Food Business News - October 13, 2020 - 16
Food Business News - October 13, 2020 - 17
Food Business News - October 13, 2020 - 18
Food Business News - October 13, 2020 - 19
Food Business News - October 13, 2020 - 20
Food Business News - October 13, 2020 - 21
Food Business News - October 13, 2020 - 22
Food Business News - October 13, 2020 - 23
Food Business News - October 13, 2020 - 24
Food Business News - October 13, 2020 - 25
Food Business News - October 13, 2020 - 26
Food Business News - October 13, 2020 - 27
Food Business News - October 13, 2020 - 28
Food Business News - October 13, 2020 - 29
Food Business News - October 13, 2020 - 30
Food Business News - October 13, 2020 - 31
Food Business News - October 13, 2020 - 32
Food Business News - October 13, 2020 - 33
Food Business News - October 13, 2020 - 34
Food Business News - October 13, 2020 - 35
Food Business News - October 13, 2020 - 36
Food Business News - October 13, 2020 - 37
Food Business News - October 13, 2020 - 38
Food Business News - October 13, 2020 - 39
Food Business News - October 13, 2020 - 40
Food Business News - October 13, 2020 - 41
Food Business News - October 13, 2020 - 42
Food Business News - October 13, 2020 - 43
Food Business News - October 13, 2020 - 44
Food Business News - October 13, 2020 - 45
Food Business News - October 13, 2020 - 46
Food Business News - October 13, 2020 - 47
Food Business News - October 13, 2020 - 48
Food Business News - October 13, 2020 - 49
Food Business News - October 13, 2020 - 50
Food Business News - October 13, 2020 - 51
Food Business News - October 13, 2020 - 52
Food Business News - October 13, 2020 - 53
Food Business News - October 13, 2020 - 54
Food Business News - October 13, 2020 - 55
Food Business News - October 13, 2020 - 56
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