Fri, 22 Feb 2008 14:50:00 GMT
The NASS average dry whey and NFDM price experienced significant month-over-month drops in values which resulted in close to a$3.00 drop in the Class I mover. The two-week average dry whey price announced today was $0.2673 compared to $0.4380 announced on Jan. 18th, a 39% drop. NFDM dropped from $1.6931 to $1.3398 over this same period, a drop of 21% .
Fri, 22 Feb 2008 14:46:00 GMT
The March Class I Mover is $16.70. This represents a $2.98 drop from the Feb. ‘07 value but a $2.45 increase from March ‘06.
Sun, 10 Feb 2008 15:17:00 GMT
Over the July-Dec. 2007 period, Australia’s total dairy export volumes were down 21% vs. a year earlier. Exports of SMP were down 34%, whey -44% and butterfat -23%. Cheese exports were up 4%.
Sun, 10 Feb 2008 14:52:00 GMT
For the week ending Feb 2nd, the NASS average dry whey price was $0.3248 ( a drop of $0.0235) and the NFDM average price was $1.4030 ( a drop of $0.0541)
Sun, 10 Feb 2008 14:48:00 GMT
Fonterra Cooperative Group Ltd., the world’s biggest exporter of dairy products, said drought cut New Zealand’s milk production and may restrict new export orders.
Record dry weather in much of the country means season-to date output is falling below last year, reported by Chairman Henry van der Heyden.
Sun, 10 Feb 2008 14:39:00 GMT
The mid-point of the recent
WASDE report price forecasts:
Cheese- $1.67 Butter- $1.235
NFDM- $1.41 Whey- $0.35
Class III- $15.80 Class IV milk- $15.45
All milk- $17.20.
Sun, 10 Feb 2008 14:33:00 GMT
The CME spot barrel price increased $0.1900 last week. The barrel price increased $0.1525. Some attribute the increase to strong export demand for cheddar blocks.
Mon, 04 Feb 2008 22:48:00 GMT
Total cheese output (excluding cottage cheese) was 843 mil. lbs., 1.5% above Dec. 2006 and 3.9% above Nov. 2007.
Italian type cheese prod. was 357 mil. lbs., 0.5% above Dec. 2006 and 3.7% above Nov. 2007.
American type cheese prod. was 334 mil. lbs., 1.3% below Dec. 2006 but 3.2% above Nov. 2007.
Fri, 01 Feb 2008 15:16:00 GMT
The January Announced Class III price is $19.32. This represents a drop of $1.28 from December’s value but a $5.76 increase over the January 2007 value.
Fri, 01 Feb 2008 14:29:00 GMT
According to yesterday’s Agricultural Prices report, during January, the price paid for corn averaged $4.28/bushel, up from $3.05 last January. Soybeans averaged $11.00, up from $6.37. And alfalfa hay averaged $135.00/ton, up from $112.00.
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