Nonfat dry milk production is heavy; milk is directed to cheese plants
Cheese prices continued to push higher at the CME Group exchange; Some dry dairy markets regained confidence as news of higher international prices caught the attention of buyers and sellers.
Download the complete Dairy Market News for the week of March 18 to 23, 2013.
DRY PRODUCTS: Some dry dairy markets regained confidence this week as news of higher international prices at the latest global Dairy Trade (gDT) auction caught the attention of buyers and sellers. Nonfat dry milk production remains heavy with producers holding inventories more confidently. High heat production is limited as plants are concentrating on low heat production. Dry buttermilk production is active with butter plants operating busy schedules. Inventories are building but held with increased confidence. Whey production is steady with spot sales into the export market helping to clear inventories. Block sales at discounted prices are being utilized to move product. Whey protein 34% prices were steady to lower this week. Lactose prices are improved for higher mesh products while unground and lower mesh products remain weak. Dry whole milk interest increased following the gDT auction. Casein prices are unchanged.
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