International Dairy Foods Association president and CEO Connie Tipton expressed disappointment in recent proposals that would create a government-mandated system to limit the supply of milk produced by dairy farms. A “supply-management” proposal was recently introduced in the House of Representatives and a similar proposal was included as part of a dairy policy reform plan released last week by the … Read More
Dairyline Markets In Review
The bleeding continued in the cash cheese market although prices reversed gears and regained a penny on Friday. The blocks closed June 11th at $1.37 per pound, down 2 3/4-cents on the week but still 22 cents above a year ago. The block price has lost 13 cents in three weeks. Barrel closed Friday at $1.33, also down 2 3/4-cents … Read More
NMPF Board Meeting Results
Recently National Milk Producers Federation (NMPF) held their spring board meeting. New officers were elected, and a new approach to reforming dairy policy called “Foundation for the Future” was approved. Read on to learn more. New Board Elected John Underwood was elected the Third Vice Chairman of NMPF, representing Northwest Dairy Association in Seattle, Wash. The new Board members include: … Read More
Dairyline Markets In Review
CME cash cheese prices continued to weaken in the Memorial Day holiday-shortened week. The blocks closed Friday at $1.3975, 6 3/4-cents below the previous week, but 25 cents above a year ago. Barrel closed at $1.3575, down 7 1/4-cents on the week, and 25 3/4-cents above a year ago. Nineteen cars of block traded hands and 14 of barrel. The … Read More
Dairyline Markets In Review
Cash dairy trading in the final week of May saw block cheese close at $1.4650 per pound, down 3 1/2-cents on the week, but 31 1/4-cents above a year ago. Barrel closed at $1.43, down 4 3/4-cents on the week, and 33 cents above a year ago. Eight cars of block traded hands on the week and 14 of barrel. … Read More
Dairyline Markets In Review
Cash cheese continued to inch higher despite the bearish Milk Production data. The blocks closed Friday at $1.50 per pound, up 3 3/4-cents on the week and 36 cents above that week a year ago. Barrel closed at $1.4775, up 6 cents on the week, and 39 3/4-cents above a year ago. Fifteen cars of block traded hands on the … Read More
Dairyline Markets In Review
Block and barrel cheese inched higher the second week of May, with the blocks ending the week 8 1/4-cents higher, at $1.4625 per pound, 33 cents above that week a year ago. Barrel closed Friday at $1.4175, up 4 1/2-cents on the week and 33 3/4-cents above a year ago. Six cars of block traded hands on the week and … Read More
Dean Reports Losses
Dean Foods Co. announced it will be cutting jobs in its processing plants after profit losses. The discounting prompted Dean’s chief executive to describe prices as dropping “beyond sustainable levels.” Dean, the nation’s largest dairy processor, said that its profit fell 43 percent to $43.15 million, or 24 cents a share. That compares with profit of $76.25 million, or 48 … Read More
Dairyline Markets In Review
The cash block cheese price closed the first Friday in May at $1.38 per pound, down three-quarters on the week, but 24 1/4-cents above a year ago. Barrel closed at $1.3725, also down three quarters, but 31 3/4-cents above a year ago when the barrels bottomed out at $1.0550. Eight cars of block traded hands on the week and 10 … Read More
Dairyline Markets In Review
Cash dairy trading didn’t see a lot of change the last week of April but the block cheese price closed 2 cents higher, at $1.3875 per pound, 23 1/2-cents above that week a year ago. Barrel closed Friday at $1.38, up 3 1/4-cents on the week, and 29 1/4-cents above a year ago. Only two cars of block traded hands … Read More