Food Business News - December 8, 2020 - 47

Dairy Products
Dry dairy product prices were
higher last week, the slide in cheese
prices slowed, and the price of butter advanced. Continued weakness in the value
of the US dollar propelled export demand
of several dry products, while domestic
demand remained at a strong level.
Low/medium-heat nonfat dry milk
(NDM) prices were raised 2¢ a lb. Production
was active with milk supplies ample from
the holiday week. Some processors offered
discounts to reduce year-end inventories,
but others offered spot supplies at higher
prices amid strong domestic and export
demand, with some buyers seeking loads
above contracted levels. In some cases,
processors were unable to meet demand.
High-heat NDM prices were raised
2¢ to 4¢ a lb, with most strength in the
West, where good spot market interest
was noted. Production of high-heat NDM
was limited at most plants with attention
on drying low/medium-heat NDM.
Reduced cheese production amid
recent sharp declines in cheese prices
resulted in lower dry whey production,
tighter stocks, and higher prices. Both
domestic and export demand remained
strong. Limited supply was offered on the
spot market, and even some contracted
deliveries were delayed or shorted.
Dry buttermilk prices were raised
1¢ a lb across all regions amid active
demand and limited stocks. The price of
34% whey protein concentrate followed

other dry products higher. Production
was steady to lower, and inventories
tightened.
The lone exception to higher prices
was lactose. Production was steady, and
inventory levels were mixed but building
for some processors while volume offered
on the spot market increased.
CME Group butter prices turned
higher last week (though still down more
than 20% from a year ago) amid restocking orders after strong retail sales for
Thanksgiving and with yearend holiday
orders now being filled. But traders were
wary of how long the price strength
would last with churning active, butter
stocks ample, government food box
orders slowing and foodservice demand
still weak and expected to further decline
amid the surge in coronavirus cases.
Cheese prices were modestly lower
after some varieties plunged about 40%
during November. The market's tone was
bearish due to weak foodservice demand
and growing inventories, although retail
demand remained solid. FBN
Nonfat dry milk high-heat Central/East
per lb, CME
$1.50

Dry products
f.o.b. plant, $ per lb
Dec. 4
.40 @ .45
.37 @ .54

Whey powder
Lactose
Whey protein concentrate
(34% edible)
.88 @ .98
Nonfat dry milk high-heat
Central/East
1.17 @ 1.25
West
1.17 @ 1.33
Nonfat dry milk medium-low heat
Central/East
1.07 @ 1.13
West
1.07 @ 1.14
Nonfat dry milk
CME
1.15
Buttermilk powder
.97 @ 1.04
Casein - acid
3.46 @ 3.70
Casein - rennet
3.46 @ 3.50
Butter
$ per lb, Central
Butter 93AA (CME)

- Change from -
Nov. 27 Nov. 20
+1¢
+1¢
-1¢
-1¢

Year
ago
.32
.25

+1¢

+1¢

.88

+2¢
+4¢

+2¢
+4¢

1.25
1.25

+2¢
+2¢

+1¢
+2¢

1.22
1.22

+5½¢
+1¢
+1¢
-

+6½¢
+1¢
-14¢
-1¢

1.26¾
1.09
3.45
3.61

Dec. 4
1.48

- Change from -
Nov. 27 Nov. 20
+12¢ +13½¢

Year
ago
1.91½

Dec. 4

- Change from -
Nov. 27 Nov. 20

Year
ago

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

1.40
1.58½
1.96¼
2.31¼
1.67¼

-2¼¢
-9½¢
-4¢
-4¢
+¼¢

-2¼¢
-6¢
-47½¢
-47½¢
-59½¢

2.22¾
1.97
2.21¾
2.56¾
2.46

Fluid products

$1.40

$ per cwt, Central

$1.30

Dec. 4

$1.20

CME class III milk
CME class IV milk

$1.10
$1.00
D

M

J

S

15.45
13.57

- Change from -
Nov. 27 Nov. 20
NA
+23¢

NA
+23¢

Year
ago
19.37
16.74

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

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

December 8, 2020

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

47

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

Food Business News - December 8, 2020

Table of Contents for the Digital Edition of Food Business News - December 8, 2020

Food Business News - December 8, 2020 - 1
Food Business News - December 8, 2020 - 1
Food Business News - December 8, 2020 - 2
Food Business News - December 8, 2020 - 3
Food Business News - December 8, 2020 - 4
Food Business News - December 8, 2020 - 5
Food Business News - December 8, 2020 - 6
Food Business News - December 8, 2020 - 7
Food Business News - December 8, 2020 - 8
Food Business News - December 8, 2020 - 9
Food Business News - December 8, 2020 - 10
Food Business News - December 8, 2020 - 11
Food Business News - December 8, 2020 - 12
Food Business News - December 8, 2020 - 13
Food Business News - December 8, 2020 - 14
Food Business News - December 8, 2020 - 15
Food Business News - December 8, 2020 - 16
Food Business News - December 8, 2020 - 17
Food Business News - December 8, 2020 - 18
Food Business News - December 8, 2020 - 19
Food Business News - December 8, 2020 - 20
Food Business News - December 8, 2020 - 21
Food Business News - December 8, 2020 - 22
Food Business News - December 8, 2020 - 23
Food Business News - December 8, 2020 - 24
Food Business News - December 8, 2020 - 25
Food Business News - December 8, 2020 - 26
Food Business News - December 8, 2020 - 27
Food Business News - December 8, 2020 - 28
Food Business News - December 8, 2020 - 29
Food Business News - December 8, 2020 - 30
Food Business News - December 8, 2020 - 31
Food Business News - December 8, 2020 - 32
Food Business News - December 8, 2020 - 33
Food Business News - December 8, 2020 - 34
Food Business News - December 8, 2020 - 35
Food Business News - December 8, 2020 - 36
Food Business News - December 8, 2020 - 37
Food Business News - December 8, 2020 - 38
Food Business News - December 8, 2020 - 39
Food Business News - December 8, 2020 - 40
Food Business News - December 8, 2020 - 41
Food Business News - December 8, 2020 - 42
Food Business News - December 8, 2020 - 43
Food Business News - December 8, 2020 - 44
Food Business News - December 8, 2020 - 45
Food Business News - December 8, 2020 - 46
Food Business News - December 8, 2020 - 47
Food Business News - December 8, 2020 - 48
Food Business News - December 8, 2020 - 49
Food Business News - December 8, 2020 - 50
Food Business News - December 8, 2020 - 51
Food Business News - December 8, 2020 - 52
Food Business News - December 8, 2020 - 53
Food Business News - December 8, 2020 - 54
Food Business News - December 8, 2020 - 55
Food Business News - December 8, 2020 - 56
Food Business News - December 8, 2020 - 57
Food Business News - December 8, 2020 - 58
Food Business News - December 8, 2020 - 59
Food Business News - December 8, 2020 - 60
Food Business News - December 8, 2020 - 61
Food Business News - December 8, 2020 - 62
Food Business News - December 8, 2020 - 63
Food Business News - December 8, 2020 - 64
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