Milling & Baking News - March 7, 2023 - 56

MARKET trends
per lb
TUES | 03 07 2023
Dairy Products
DRY PRODUCTS
Whey powder
Lactose
- Change from - Year
-2¢
.28 @ .50
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
1.33 @ 1.42
Nonfat dry milk medium-low heat
Central/East
West
1.13 @ 1.21
-1¢
1.22 @ 1.62 -1¢
-
1.32 @ 1.46 -18¢
1.19 @ 1.26 -1¢
1.20 @ 1.29 -1¢
6.15 @ 6.35 -
5.74 @ 6
-
BUTTER
- Change from - Year
Butter 93AA (CME)
$ per lb, Central
March 3 Feb. 24 Feb. 17 ago
2.34½ -8½¢
CHEESE
- Change from - Year
March 3 Feb. 24 Feb. 17 ago
CME cheddar barrels 1.57½ +3½¢ +2¾¢
CME cheddar blocks
Cheddar (Blocks 40#)
Mozzarella
American 5# loaf
$ per lb, Central
1.95
2.17
2.52
1.78
+7¢
+7¢
-¾¢
1.97
2.15
+6¢ +8¼¢ 2.27½
+6¢ +8¼¢ 2.62½
+2¢
2.20
FLUID PRODUCTS
- Change from - Year
CME class III milk
CME class IV milk
$ per cwt, Central
March 3 Feb. 24 Feb. 17 ago
-18¢
17.71
18.51
-35¢ -44¢
Compiled from private sources,
US Department of Agriculture and CME Group.
-21¢ 22.43
24.74
-3¢ 2.58¾
-1¢
-2¢
-
-
-2¢
-4¢
-
-
March 3 Feb. 24 Feb. 17 ago
.34 @ .44 -4¢
.77
.35
1.66
1.99
-28¢ 1.95
1.89
1.85
1.17¾ -3¾¢ -4¼¢ 1.87¼
-3¢
1.68
5.95
4.91
Nonfat dry milk (NDM) market tones
were quiet to bearish, and prices were
steady to lower. Condensed skim milk for
drying was ample. Mexican demand was
mixed. High-heat inventories were tight,
and trading was more active in the East. But
Western high-heat NDM demand was steady,
and production was limited.
Low/medium-heat NDM demand was
steady to lighter from domestic purchasers.
Lower global market skim milk powder
prices contributed to softer export demand
and exerted downward pressure on domestic
prices. Dryers in the West kept busy
working through strong regional milk supplies.
Dry
whey price ranges expanded to the
low side as loads exported to Asian markets
were under price pressure from European
dry whey. Central US supplies were tight,
including animal feed whey. In the West,
demand was steady and
market tones were balanced.
Production schedules shifted
into dry whey as high protein
whey concentrates had lower
demand, high inventories and
high prices. Eastern dry whey
demand strengthened, pushing
prices higher. Demand for 34%
whey protein concentrate was
weak save for select brands,
but production was steady to
higher.
Lactose spot prices were
$1.35
$1.55
$1.75
$1.95
$2.15
MJ SD
steady to lower, especially for
lower mesh and unground
High-heat nonfat dry milk prices in the West
peaked in June 2022 at $1.96 and began to
step lower nearly every week, reaching $1.32
in the week ended March 3.
lactose in totes. Chinese inventories were
heavy, and domestic buyers sought to push
back deliveries. Production was steady to
lower.
Cheddar and Italian-style cheese makers
said steady to strong demand kept production
busy with considerable milk availability.
Some pizza makers lightened their
demand amid below-forecasted sales levels.
Cream cheese production and demand
increased. Market tones were neutral.
Butter availability increased and bulk
butter interest slowed. Churning was steady,
working through ample cream supplies.
Unsalted butter inventories lagged salted
butter inventories. Retail butter demand
was light in the West and Central region,
but a seasonal demand push ahead of Easter
on April 9 was expected. Eastern churners
were active seven days preparing supplies
ahead of spring holidays. The market had a
steady to slightly bearish tone. MBN
CENTRAL HIGH-HEAT NONFAT DRY MILK PRICE
CDP FINE-MIX™ Custom Products
* Nonfat Dry Milk Replacers- Low,
Medium & High Heat
* Instant Nonfat Dry Milk
* Buttermilk- Sweet Cream and
High Acid
* Cultured Nonfat and Buttermilk
* Whole Milk Replacers
* Cream Powders- 40-70% Fat
* Sour Cream Powders
* Yogurt Powders
* Cream Cheese Powders
* Anti-Caking/Anti-Mycotic Agents
* Infant & Nutritional Formulas
* Bake-Rite Dough Developer
* Non-Dairy Creamers & Whipped
Topping Bases
* Confectionery Blends
* CDP Fine-Mix™ Custom Formulations
Contact: Fred Smith *
800-441-1001 *
P.O. Box 335, 1407 New Road,
Linwood, NJ 08221
Email: fsmith@clofinedairy.com
www.clofinedairy.com
http://www.clofinedairy.com
Milling & Baking News - March 7, 2023

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