Milling & Baking News - April 11, 2017 - 62

Ingredient Week X

Dairy Products

Dry products
f.o.b. plant, $ per lb
Apr. 7
Whey powder
.45 @ .55
Lactose
.35 @ .45
Whey protein concentrate
(34% edible)
.82 @ 1.07
(80% edible)
...
Whey protein isolate
(90% edible)
...
Nonfat dry milk high-heat
Central/East
.90 @ 1.10
West
.93 @ 1.10
Nonfat dry milk medium-low heat
Central/East
.80 @ .87
West
.80 @ .86
Nonfat dry milk
C.M.E.
.81
Buttermilk powder .80 @ .95
Casein - acid
3.50 @ 3.70
Casein - rennet
2.90 @ 3.20
Caseinate
(f.o.b. ports)
...

- Change from -
Mar. 31 Mar. 24
-
+1c
-
+1c

Year
ago
.22
.20

-
...

-1c
...

.57
...

...

-3c
-

-5c
-2c

.85
.82

-
-1c

.72
.70

+1c
-2c
-
-

-1c
-4c
+5c
+5c

.69
.71
2.16
2.00

...

Butter
$ per lb, Central
Apr. 7
Butter 93AA (C.M.E.) 2.09¾

- Change from -
Mar. 31 Mar. 24
-1c
-

Year
ago
2.12

- Change from -
Mar. 31 Mar. 24
-3½c
+4½c
-6c
+2c
+4c
+10c
+4c
+10c
+1½c
+3c

Year
ago
1.41¾
1.42
1.76¾
2.11¾
1.72¼

Cheese
$ per lb, Central
Apr. 7
CME cheddar barrels 1.43½
CME cheddar blocks
1.46
Cheddar (Blocks 40#) 1.76¼
Mozzarella
2.10¾
American 5# loaf
1.68

Dry dairy products prices were steady
to lower last week. Cheese values were
mixed, and butter eased. Milk supplies
continued to build into the spring flush.
High-heat nonfat dry milk (N.D.M.) prices were unchanged to 3c a lb lower. Spot activity was light in all regions, but bakeries
continued to receive contracted shipments
ahead of the spring holidays in the West,
the U.S. Department of Agriculture said.
Production was light, and inventories were
tight but adequate for contract fulfillment.
Low/medium-heat N.D.M. prices
were steady to 1c a lb lower. Production
was active, and inventories were large
and building. Spot sales were light. Some
processors offered loads at discounts to
move older material. Buyers awaited
lower prices, knowing milk supplies still
were increasing to peak spring levels.
Buttermilk powder prices were lowered 2c a lb mainly on weakness in the
West. Production was mixed depending
on churning levels in the region. Stocks
were adequate and building. Buying interest was light with demand from ice
cream manufacturers still developing.
Dry whey prices were unchanged.

C.M.E. 93AA Butter

Nonfat dry milk high-heat Central/East

f.o.b. plant, $ per lb

$2.80

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

Production was active and increasing. Inventories mostly were light, and domestic
demand was good, although some price
pushback was seen and some buyers
asked that contracted shipments be delayed, the U.S.D.A. said. Export demand
continued from Asia and Latin America,
but increasing competition from Canada
and Europe also was noted.
Prices of 34% whey protein concentrate
(W.P.C.) and lactose were unchanged. For
both products, production was steady to
slightly higher and supplies were a bit
more available, but inventories remained
mostly tight. Demand for lactose was
good while W.P.C. interest varied by food
manufacturing segment.
Cheese production was active, and
stocks were building. Prices declined
for CME Group cheddar but advanced
for varieties at wholesale. Domestic demand was lackluster overall but was improving for specialty and pizza cheeses.
Butter churning remained active
but began to slow in some areas as less
cream was offered. Prices eased. Sales
were good but were expected to decline
as final Easter shipments to retail were
made. Inventory levels were building. MBN
$ per lb, C.M.E.

$1.30

$2.40

- Change from - Year
Apr. 7
Mar. 31 Mar. 24 ago
15.14
-68c
-66c 13.72
14.02
-39c
-39c 12.76

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

$1.10

$2.00
$1.60
A

$0.90
A

A century of
Dairy Expertise
Bringing you quality ingredients at competitive
prices for nearly 100 years.
* AA Butter - Salted & Unsalted
(Domestic & Imported)

* Nonfat Dry Milk

* AMF/Butteroil (Domestic & Imported)

* Cheeses - Cheddar, Mozzarella &
Cream Cheese

* Whole Milk Powder (Domestic & Imported)

* Pasteurized Grade A Fluid Sweet Cream

Contact: Fred Smith* 800-441-1001
P.O. Box 335, 1407 New Road, Linwood, NJ 08221
Email: fsmith@cloﬁnedairy.com * www.cloﬁnedairy.com
62 / April 11, 2017 XMilling & Baking News

bakingbusiness.com / world-grain.com

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Milling & Baking News - April 11, 2017

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