Fri, 10 Oct 2008 13:37:00 GMT
Today’s Dairy Products Report provides further evidence of the weakening of the milk protein markets. Weekly average NFDM prices decreased from $1.172 to $1.065 over the Sept. 27th-Oct 4th period. Over this same period, average U.S. dry whey prices decreased from $0.210 to $0.202 .
Fri, 10 Oct 2008 11:38:00 GMT
There has been a total of 6,363,209 lbs. of non-fortified nonfat dry milk purchased by the CCC under the price support program in spite of the current support price for non-fortified is 80¢ per lb. This is the first nonfat dry milk purchase by the CCC under the support program since July 17, 2006. The spot price for NFDM at the CME today was $1.00
Tue, 07 Oct 2008 11:38:00 GMT
The Sept. CA 4b price is $16.63 and the Sept. FMMO Class III price is $16.28. The 4b price is $0.49 above the August level and $3.06 lower than Sept. 2007. The Sept. Class III price represents a $1.04 decline from its August value and a $3.79 decrease from Sept. 2007.
Mon, 06 Oct 2008 13:08:00 GMT
Total August cheese production was up 3.0% over 2007 levels. American cheese output increased 8.6%. Mozzarella cheese output was down 2.8% which follows the trend observed every month during 2008. Butter prod. was up 4.4%. NFDM output increased 14.0% and SMP prod. increased 48.7%. Whey production was down 7.2% which is the pattern for all of the 2007. For more detail refer to the Dairy Production section of the website.
Fri, 03 Oct 2008 11:56:00 GMT
DEC corn futures dropped the 30-cent limit yesterday, closing at $4.54/bushel, on the economic concerns and the impact it could have
on demand. This is the lowest close of the contract since Dec. 19.
NOV soybeans fell 49¢ to $10.04/bushel.
Wed, 01 Oct 2008 11:44:00 GMT
CME spot block and barrel cheese prices recorded double-digit losses yesterday. Blocks decreased 12.75¢ to $1.8050, the largest one day decline since July 31st. Barrels decreased 14.00¢ to $1.7700, the largest one day decline since Dec. 19th.
Older posts: 1 2
This site is maintained by