Dairy Markets Week in Review Cheese prices plunged after starting the week on a positive note. Block lost 11 1/4-cents on Wednesday and 13 1/4-cents on Thursday. Barrel saw a record single-day loss on Wednesday of 28 cents, though it rebounded 15 cents on Thursday. When the dust settled Friday, block closed at $1.8350 per pound, down 23 1/4-cents on … Read More
USDA Issues Interm Mandatory COOL
The U.S. Department of Agriculture (USDA) has issued an interim final rule for the mandatory country of origin labeling (COOL) program that will become effective on Sept. 30. The 2002 and 2008 Farm Bills amended the Agricultural Marketing Act of 1946 to require retailers to notify their customers of the country of origin of covered commodities. Those commodities include: Muscle … Read More
Dairyline Markets In Review
Dairy Markets Week in Review Block cheese closed the week at $2.0675 per pound, up 6 3/4-cents and 22 1/4-cents above a year ago when the blocks lost 11 1/2-cents and were trading at $1.8450. The Daily Dairy Report credited strong export demand for block cheese but says exports for barrel are non-existent. Barrel, after losing 6 1/2-cents early in … Read More
Dairyline Markets In Review
Dairy Markets Week in Review The cash cheese market strengthened this week as it awaited Friday afternoon’s June Milk Production report. Forty pound block closed at $2.00 per pound, up 6 3/4-cents on the week and 15 1/2-cents above a year ago, when the blocks tumbled 11 1/2-cents, to $1.8450. 500-pound barrel closed Friday at $1.97, up a nickel on … Read More
Dairyline Markets In Review
Dairy Markets Week in Review Cash cheese prices reversed gears the first full week of July, National Ice Cream month. Cheese started the week with some losses but reversed direction. The cash block price closed Friday at $1.9325 per pound, up a penny on the week but 2 3/4-cents below that week a year ago. Barrel finished at $1.92, up … Read More
Dairyline Markets In Review
Dairy Markets Week in Review The cash cheese market continues to weaken. The block price closed the 4th of July holiday shortened week at $1.9225 per pound, up a quarter-cent on the week but 4 1/4-cents below a year ago. Barrel closed at $1.8750, down 8 1/2-cents on the week and a nickel below a year ago. Fifteen cars of … Read More
Dairyline Markets In Review
Dairy Markets Week in Review Block cheese closed the last full week of June Dairy Month at $1.92 per pound, down 4 cents, and 2 cents below that week a year ago. Barrel closed Friday at $1.96, up a penny on the week, and 5 cents above a year ago. Thirteen cars of block traded hands on the week and … Read More
Dairyline Markets In Review
Dairy Markets Week in Review Checking the CME cash dairy markets; cheese saw its fourth consecutive week of loss. Block closed Friday at $1.96 per pound, down 8 cents on the week and 14 cents below a year ago. Barrel closed Friday at $1.95, down 20 cents on the week and 9 3/4-cents below a year ago. Ten cars of … Read More
Leprino to Open New Cheese Plant
A new cheese plant is being planned for Greeley, Colo. Leprino Foods, the nation’s biggest maker of mozzarella cheese made the announcement last week. Greeley’s former Western Sugar Cooperative site has been in the running for the site of Leprino’s 10th plant for several months, and the City Council in January approved a special taxing district for the location. Privately … Read More
CWT Export Assistance Bids
Here’s the latest announcement from Cooperatives Working Together: Cooperatives Working Together announced today that it accepted three export assistance bids last week for the sale of cheese and anhydrous milkfat. All three bids were from Dairy Farmers of America of Kansas City, MO: one for the export of 209 metric tons (459,800 pounds) of Cheddar cheese to Japan; a second … Read More