March Class I Mover is $16.70
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.
For the July-Dec. Period, Australia Dairy Export Volume Decreases by 21%
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%.
Dry Dairy Products Continue Their Price Decline
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)
Emerging New Zealand Drought May Cut Exports
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.
The Latest WASDE Report Forecasts Lower Dairy Prices
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.
CME Spot Cheese Prices Experiance Double Digit Increases Last Week
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.
Total Cheese Output for December was 843 Million Lbs.
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.
January Announced Class III is $19.32
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.
Feed Costs Continue Their Upward Trend
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.
January Milk-Feed Price Ratio Declines to 2.55
Thu, 31 Jan 2008 21:52:00 GMT
The Jan. 2008 Milk-Feed Price Ratio decreased to 2.55 from Dec. 2007’s value of 2.85. The Jan. 2007 value was 2.45.
