Food Business News - October 31, 2017 - 48

INGREDIENT MARKETS

Dairy Products

Dry products
f.o.b. plant, $ per lb
Oct. 27
.30 @ .37
.19 @ .33

Whey powder
Lactose
Whey protein concentrate
(34% edible)
.72 @ .87
(80% edible)
...
Whey protein isolate
(90% edible)
...
Nonfat dry milk high-heat
Central/East
.95 @ 1.03
West
.95 @ 1.01
Nonfat dry milk medium-low heat
Central/East
.80 @ .87
West
.73 @ .85
Nonfat dry milk
C.M.E.
.75
Buttermilk powder
.84 @ .90
Casein - acid
3.35 @ 3.45
Casein - rennet
2.50 @ 2.85
Caseinate
(f.o.b. ports)
...

- Change from -
Oct. 20 Oct. 13
-
-2c
-
-1c

Year
ago
.31
.32

-
...

-3c
...

.73
...

...

...

...

-1c
-5c

-2c
-5c

1.03
1.02

-2c
-2c

-3c
-7c

.87
.88

+1c
-3c
-11c
-

-2¼c
-3c
-13c
-21c

.85½
.84
3.02
2.99

...

...

...

Butter
$ per lb, Central
Butter 93AA (C.M.E.)

Oct. 27
2.30¼

- Change from -
Oct. 20 Oct. 13
-4¾c
-7¼c

Year
ago
1.92½

Oct. 27
1.70½
1.74½
2.00
2.34½
1.94¼

- Change from -
Oct. 20 Oct. 13
+6½c
+2¾c
+7½c
+4½c
-3c
-3¼c
-3c
-3¼c
-3¼c
-5¼c

Year
ago
1.59¾
1.73 Nonfat dry milk high-heat Central/East
1.94¾
$ per lb, C.M.E.
2.29¼
$1.30
1.84

- Change from -
Oct. 20 Oct. 13
+9c
+2c
+1c
-2c

Year
ago
14.78
13.63

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

Weakness persisted in most dry dairy
product prices as well as in butter, while
cheese values were mixed last week.
High-heat nonfat dry milk (N.D.M.)
prices were lowered 1@5c a lb on spot sales
and weakness in the low/medium-heat
market. Production mostly was light, although some plants increased their output
to meet expected seasonal demand. Stocks
were adequate to fill contracts.
Low/medium-heat N.D.M. prices
were adjusted 2c a lb lower. Weakness
was attributed to increased offers from
Europe, ample domestic supply and
increased spot offers. Production was
steady to lower. Domestic demand was
steady with some increased interest from
the bakery sector.
Buttermilk powder prices were
lowered 3c a lb. Some processors offered
older product at discounted prices, although some buyers continued to wait to
see if prices would decline further. Added pressure came from weakness in the

Fluid products
$ per cwt, Central
C.M.E. class III milk
C.M.E. class IV milk

Oct. 27
16.70
14.89

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

$1.10

$0.90
O

J

A

J

N.D.M. market. Production was mixed,
and inventories mostly were tight.
Prices of dry whey, 34% whey protein
concentrate (W.P.C.) and lactose were
unchanged to weaker, with the high side
of price ranges lower in most cases. Dry
whey production mostly was steady, but
stocks were building amid light demand.
Spot activity increased in some areas but
was sluggish in others, with producer offers "swamping the market" in the Northeast, the U.S. Department of Agriculture
said. Some processors accepted lower
bids to clear heavy inventories. Prices of
34% W.P.C. were pressured by weakness
in other dry dairy proteins and comfortable to ample inventories. Good demand
continued for favored brands. Lactose
values were pressured by ample domestic
and European offers and the attempts by
some U.S. processors to reduce stocks.
Buying interest was price sensitive.
Casein prices were mixed with
rennet steady to higher based on recent
trades, while acid prices declined.
CME Group cheddar prices advanced
while prices at wholesale declined. Both
domestic and export demand remained
strong. Steady production matched current demand, but inventories still were
heavy in most regions.
Butter churning was active. Prices
eased despite good demand and strong
retail shipments ahead of Thanksgiving,
with demand expected to remain good
through the year-end holiday period. FBN

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Email: fsmith@clofinedairy.com * www.clofinedairy.com

48

Food Business News

October 31, 2017


http://www.clofinedairy.com

Table of Contents for the Digital Edition of Food Business News - October 31, 2017

Food Business News - October 31, 2017
DAIRY BUSINESS NEWS - Clean label approach: From the farm to the fridge
Contents
WEB CONTENTS
FROM THE EDITOR - Difficult realities confront industry leaders seeking growth
Change is a key component of Coca-Cola’s growth strategy
McDonald’s ratchets up value in 2018 with price points
Utz Quality Foods to acquire Inventure Foods
Danone sales accelerate in third quarter due to demand in Specialized Nutrition
Danone restructures leadership team
NACS SHOW 2017- C-store operators seeking to upgrade image and offerings
Ferrero Group expanding in U.S. with Ferrara Candy acquisition
WASHINGTON - Report prods F.D.A. to speed inspection pace and firmly address violations
MARKET INSIGHT - Ample red meat, poultry supplies keep pressure on prices
INGREDIENT TRENDS - Adding NUTS to new applications
INGREDIENT INNOVATIONS - Targeting texture
NEW FOOD PRODUCTS
Ingredient Market Trends - Soybean harvest near average pace, but corn harvest still lags
INGREDIENT MARKETS
SUPPLIER INNOVATIONS
CLASSIFIEDS
MARKETPLACE
Ad index
Food business in the news
Food Business News - October 31, 2017 - DAIRY BUSINESS NEWS - Clean label approach: From the farm to the fridge
Food Business News - October 31, 2017 - 2
Food Business News - October 31, 2017 - 3
Food Business News - October 31, 2017 - Contents
Food Business News - October 31, 2017 - 5
Food Business News - October 31, 2017 - WEB CONTENTS
Food Business News - October 31, 2017 - 7
Food Business News - October 31, 2017 - 8
Food Business News - October 31, 2017 - FROM THE EDITOR - Difficult realities confront industry leaders seeking growth
Food Business News - October 31, 2017 - Change is a key component of Coca-Cola’s growth strategy
Food Business News - October 31, 2017 - 11
Food Business News - October 31, 2017 - McDonald’s ratchets up value in 2018 with price points
Food Business News - October 31, 2017 - 13
Food Business News - October 31, 2017 - Utz Quality Foods to acquire Inventure Foods
Food Business News - October 31, 2017 - 15
Food Business News - October 31, 2017 - Danone sales accelerate in third quarter due to demand in Specialized Nutrition
Food Business News - October 31, 2017 - Danone restructures leadership team
Food Business News - October 31, 2017 - NACS SHOW 2017- C-store operators seeking to upgrade image and offerings
Food Business News - October 31, 2017 - 19
Food Business News - October 31, 2017 - 20
Food Business News - October 31, 2017 - 21
Food Business News - October 31, 2017 - 22
Food Business News - October 31, 2017 - 23
Food Business News - October 31, 2017 - 24
Food Business News - October 31, 2017 - 25
Food Business News - October 31, 2017 - Ferrero Group expanding in U.S. with Ferrara Candy acquisition
Food Business News - October 31, 2017 - 27
Food Business News - October 31, 2017 - WASHINGTON - Report prods F.D.A. to speed inspection pace and firmly address violations
Food Business News - October 31, 2017 - 29
Food Business News - October 31, 2017 - MARKET INSIGHT - Ample red meat, poultry supplies keep pressure on prices
Food Business News - October 31, 2017 - 31
Food Business News - October 31, 2017 - INGREDIENT TRENDS - Adding NUTS to new applications
Food Business News - October 31, 2017 - 33
Food Business News - October 31, 2017 - INGREDIENT INNOVATIONS - Targeting texture
Food Business News - October 31, 2017 - 35
Food Business News - October 31, 2017 - 36
Food Business News - October 31, 2017 - 37
Food Business News - October 31, 2017 - 38
Food Business News - October 31, 2017 - 39
Food Business News - October 31, 2017 - 40
Food Business News - October 31, 2017 - 41
Food Business News - October 31, 2017 - NEW FOOD PRODUCTS
Food Business News - October 31, 2017 - 43
Food Business News - October 31, 2017 - 44
Food Business News - October 31, 2017 - Ingredient Market Trends - Soybean harvest near average pace, but corn harvest still lags
Food Business News - October 31, 2017 - INGREDIENT MARKETS
Food Business News - October 31, 2017 - 47
Food Business News - October 31, 2017 - 48
Food Business News - October 31, 2017 - 49
Food Business News - October 31, 2017 - 50
Food Business News - October 31, 2017 - 51
Food Business News - October 31, 2017 - 52
Food Business News - October 31, 2017 - 53
Food Business News - October 31, 2017 - 54
Food Business News - October 31, 2017 - 55
Food Business News - October 31, 2017 - SUPPLIER INNOVATIONS
Food Business News - October 31, 2017 - 57
Food Business News - October 31, 2017 - CLASSIFIEDS
Food Business News - October 31, 2017 - MARKETPLACE
Food Business News - October 31, 2017 - 60
Food Business News - October 31, 2017 - Ad index
Food Business News - October 31, 2017 - Food business in the news
Food Business News - October 31, 2017 - 63
Food Business News - October 31, 2017 - 64
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