Milling & Baking News - December 14, 2021 - 46

MARKET trends
TUES | 12 14 202 1
Dairy Products
DRY PRODUCTS
Dec. 10
Whey powder
Lactose
-
Whey protein concentrate
(34% edible)
Nonfat dry milk high-heat
Central/East
West
Nonfat dry milk
CME
Buttermilk powder
Casein - acid
Casein - rennet
f.o.b. plant, $ per lb
- Change from - Year
Dec. 3 Nov. 26 ago
.64 @ .68 +2¢
.36 @ .46
1.23 @ 1.35 +2¢
1.65 @ 1.80 -
1.65 @ 1.75 -1¢
Nonfat dry milk medium-low heat
Central/East
West
1.54 @ 1.59
1.54 @ 1.59
-
-
1.36 @ 1.44 +1¢
4.92 @ 5.67 -
4.75 @ 4.95 +1¢
BUTTER
Dec. 10
Butter 93AA (CME)
$ per lb, Central
CHEESE
Dec. 10
CME cheddar barrels
Mozzarella
American 5# loaf
$ per lb, Central
+4¢
-
+4¢
-
-
-
+1¢
.41
.36
.88
1.17
1.17
1.09
1.09
1.62½ +6¼¢ +6¼¢ 1.12¾
+2¢
.99
+2¢ 3.46
+3¢ 3.46
Dairy product prices were mixed last
week with dry products mostly steady to
firm, cheese mixed and butter higher. The
industry continued to struggle with labor
and logistics issues that limited production
at some plants and delayed shipments.
Perhaps more in the news, including The
New York Times, was a cream cheese shortage,
mostly reported in the Northeast.
One dairy analyst told Milling & Baking
News that he considered the cream cheese situation
" real, but not necessarily widespread. "
He attributed the situation to increased holiday
orders, supply chain and trucking issues
and labor shortages that prevented some
cream cheese plants from running full shifts.
Overall, the analyst noted, " Markets are
- Change from - Year
Dec. 3 Nov. 26 ago
2.12¼ +12¢ +13¼¢
1.48
- Change from - Year
Dec. 3 Nov. 26 ago
1.68 +7¾¢ +15½¢ 1.44¼
CME cheddar blocks 1.86½ +¾¢ +¾¢ 1.61¾
Cheddar (Blocks 40#) 2.15
2.50
- +13½¢ 1.89½
- +13½¢ 2.24½
1.85½ +6¾¢ +10¾¢ 1.67½
FLUID PRODUCTS
Dec. 10
CME class III milk
CME class IV milk
$ per cwt, Central
18.61
19.60
Compiled from private sources, US
Department of Agriculture and CME.
- Change from - Year
Dec. 3 Nov. 26 ago
+28¢ +66¢ 15.80
+30¢ +90¢
13.57
mostly supported. Nonfat dry milk is definitely
underpinned. Product is tight globally
with not much available in the United States,
the European Union or New
Zealand. Lots of buyers are
largely hand-to-mouth and have
not been able to build stocks.
With milk likely not coming
back on quickly, that will keep
production lower and the market
supported over the next
several months. "
Nonfat dry milk prices
have been on the rise, posting
gains of about 20% to 30% since
August and of more than 40%
from a year earlier.
The US Department of Agriculture's
Market News noted
that NDM production ranged
$1.10
$1.30
$1.50
$1.70
$1.90
per lb
DM JS
Nonfat dry milk prices were up about 40%
from a year ago on good domestic and export
demand, tight supplies and labor shortages.
from steady to active but was below capacity.
Domestic demand was steady at a quiet level,
while export demand was present with
" notable purchasing of low/medium-heat
NDM for export to Mexico. "
" Trading is generally quiet, " the USDA
said of the latest week's market. " Some
expect markets to remain subdued until the
onset of the new calendar year. There is also
simply very little nonfat dry milk to offer on
the spot market. "
Prices of dry whey, 34% whey protein
concentrate and dry buttermilk all moved
higher. Trading was slow, production was
steady to light, inventories and spot offers
were tight, and demand remained good for
all three products.
Cheese and butter markets remained in
" holiday mode " with steady to good foodservice
demand and active retail demand. Butter stocks
were limited, while cheese was available. MBN
HIGH-HEAT NONFAT DRY MILK, CENTRAL
Certifi ed
Organic
Bringing you quality ingredients at competitive
prices for over 100 years.
* Organic Soy Milk Powder
* Organic Whole Milk Powder
* Organic Nonfat Milk Powder
* Organic Yogurt Powder
* Organic Tofu Powder
* Organic Butter Powder
Contact: Fred Smith
800-441-1001
P.O. Box 335, 1407 New Road,
Linwood, NJ 08221
Email: fsmith@clofi nedairy.com
www.clofi nedairy.com
http://www.clofinedairy.com
Milling & Baking News - December 14, 2021

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