Food Business News - January 5, 2021 - 48

INGREDIENT MARKETS

Dairy Products

Dry products
f.o.b. plant, $ per lb
Dec. 31
.42 @ .47
.33 @ .53

Whey powder
Lactose
Whey protein concentrate
(34% edible)
.90 @ 1.00
Nonfat dry milk high-heat
Central/East
1.17 @ 1.30
West
1.20 @ 1.32
Nonfat dry milk medium-low heat
Central/East
1.11 @ 1.15
West
1.11 @ 1.15
Nonfat dry milk
CME
1.14¼
Buttermilk powder
1.00 @ 1.04
Casein - acid
3.46 @ 3.70
Casein - rennet
3.46 @ 3.50
Butter
$ per lb, Central
Butter 93AA (CME)

Year
ago
.32
.25

-

-

.93

-
-

-
+2¢

1.25
1.27

-
-

-
+1¢

1.23
1.21

-½¢
-
-
-

-¾¢
-
-
-

1.23¼
1.10
3.46
3.72

Dec. 31
1.42

- Change from -
Dec. 24 Dec. 18
-10½¢
-3½¢

Year
ago
1.95

Dec. 31

- Change from -
Dec. 24 Dec. 18

Year
ago

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

- Change from -
Dec. 24 Dec. 18
-
-
-
-

1.54¼
1.65
1.91½
2.26½
1.79½

+7¾¢
+5¼¢
-1½¢
-1½¢
+7¾¢

+6¾¢
+3¼¢
-¼¢
-¼¢
+10¾¢

1.64¼
1.89
2.12¼ Nonfat dry milk high-heat Central/East
2.47¼
per lb, CME
1.93¼
$1.50

Fluid products

$1.40

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

Activity in the dry dairy product
market was slow during the holiday
period, and price changes were minimal
last week. Cheese prices were mixed, but
butter prices dropped sharply. The high
dependence on foodservice for cheese
and butter demand kept the outlook for
those markets clouded.
The CME Group butter price tumbled 10½¢ a lb, or 7%, and was 27% below
the year-ago value as holiday demand
was in the past and churning remained
active. Although some processors took
extra time off during the holidays, others
worked near capacity with no let-up in
view. Butter stocks already were ample.
" Foodservice accounts continue to
struggle, " the US Department of Agriculture said concerning butter demand.
" While restaurant sales were starting
to show signs of life a few weeks ago,
tighter restrictions in the efforts to combat COVID-19 have curtailed any further
gains in foodservice. "
CME Group cheddar prices,

16.06
13.87

- Change from -
Dec. 24 Dec. 18
+39¢
+45¢

+45¢
+45¢

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

Year
ago

$1.30
$1.20

17.08
16.92 $1.10
$1.00
J

A

J

O

meanwhile, advanced while wholesale
prices were mixed. Prices ranged from 6%
to 13% below year-earlier levels. Production
was active with plants running at capacity
in some regions. Stocks were building.
" This year has been a wild ride in
cheese markets, " the USDA said, but
noted that " markets have begun to show
some stability " entering 2021. Retail
sales remained above average, but foodservice demand was mixed with " pizza
cheese and process cheese for fast-food
burgers stronger than the rest of foodservice. "
Prices of dry products were steady
with only minor changes noted in some
ranges, such as slight weakness on the
top side of low/medium nonfat dry milk.
Prices of nonfat dry milk, as well for
dry whey and certain other products,
have been supported by strong export
demand, especially from China, for the
past several weeks. It was uncertain if or
how long that interest may last.
Dry product prices were mixed
compared with a year ago, and for the
most part, demand and prices have been
less affected by COVID-19 than those for
cheese and butter. Demand has held for
dry products used to manufacture items
sold at retail but has suffered if used for
foodservice or sports drinks. Yearend
prices for dry whey and lactose were
above year-ago levels, but prices of whey
protein concentrate, nonfat dry milk and
dry buttermilk were lower. 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

48

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

January 5, 2021


http://www.clofinedairy.com

Food Business News - January 5, 2021

Table of Contents for the Digital Edition of Food Business News - January 5, 2021

Food Business News - January 5, 2021 - 1
Food Business News - January 5, 2021 - 1
Food Business News - January 5, 2021 - 2
Food Business News - January 5, 2021 - 3
Food Business News - January 5, 2021 - 4
Food Business News - January 5, 2021 - 5
Food Business News - January 5, 2021 - 6
Food Business News - January 5, 2021 - 7
Food Business News - January 5, 2021 - 8
Food Business News - January 5, 2021 - 9
Food Business News - January 5, 2021 - 10
Food Business News - January 5, 2021 - 11
Food Business News - January 5, 2021 - 12
Food Business News - January 5, 2021 - 13
Food Business News - January 5, 2021 - 14
Food Business News - January 5, 2021 - 15
Food Business News - January 5, 2021 - 16
Food Business News - January 5, 2021 - 17
Food Business News - January 5, 2021 - 18
Food Business News - January 5, 2021 - 19
Food Business News - January 5, 2021 - 20
Food Business News - January 5, 2021 - 21
Food Business News - January 5, 2021 - 22
Food Business News - January 5, 2021 - 23
Food Business News - January 5, 2021 - 24
Food Business News - January 5, 2021 - 25
Food Business News - January 5, 2021 - 26
Food Business News - January 5, 2021 - 27
Food Business News - January 5, 2021 - 28
Food Business News - January 5, 2021 - 29
Food Business News - January 5, 2021 - 30
Food Business News - January 5, 2021 - 31
Food Business News - January 5, 2021 - 32
Food Business News - January 5, 2021 - 33
Food Business News - January 5, 2021 - 34
Food Business News - January 5, 2021 - 35
Food Business News - January 5, 2021 - 36
Food Business News - January 5, 2021 - 37
Food Business News - January 5, 2021 - 38
Food Business News - January 5, 2021 - 39
Food Business News - January 5, 2021 - 40
Food Business News - January 5, 2021 - 41
Food Business News - January 5, 2021 - 42
Food Business News - January 5, 2021 - 43
Food Business News - January 5, 2021 - 44
Food Business News - January 5, 2021 - 45
Food Business News - January 5, 2021 - 46
Food Business News - January 5, 2021 - 47
Food Business News - January 5, 2021 - 48
Food Business News - January 5, 2021 - 49
Food Business News - January 5, 2021 - 50
Food Business News - January 5, 2021 - 51
Food Business News - January 5, 2021 - 52
Food Business News - January 5, 2021 - 53
Food Business News - January 5, 2021 - 54
Food Business News - January 5, 2021 - 55
Food Business News - January 5, 2021 - 56
Food Business News - January 5, 2021 - 57
Food Business News - January 5, 2021 - 58
Food Business News - January 5, 2021 - 59
Food Business News - January 5, 2021 - 60
Food Business News - January 5, 2021 - 61
Food Business News - January 5, 2021 - 62
Food Business News - January 5, 2021 - 63
Food Business News - January 5, 2021 - 64
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