THE LAND — FEBRUARY 4/FEBRUARY 11, 2022
PAGE 13
www.thelandonline.com — “Where Farm and Family Meet”
Global Dairy Trade auction prices see healthy jump This column was written for the marketbargain $1.90. GDT skim milk powder ing week ending Feb. 4. averaged $1.8375 per pound, up from $1.7977. Whole milk powder averaged The U.S. Department of Agriculture $1.9614 per pound, up from $1.8517. announced the first Class III benchmark CME Grade A nonfat dry milk closed at milk price of 2022 at $20.38 per hundred$1.8325 per pound on Feb. 4. weight for January. This is up $2.02 from December, $4.34 above January 2021, and Shedding some light on what is going on the highest Class III price since November in the global market, the Daily Dairy 2020. Report’s Monica Ganley wrote in the Jan. MIELKE MARKET 28 Milk Producers Council newsletter, Late morning on Feb. 4, Class III futures WEEKLY “European (milk) production is trailing portended a February price at $20.45; By Lee Mielke prior year levels with some of the greatest March, $21.31; April, $21.39; May, $21.30; losses seen in major dairy nations like and June at $21.22. Germany and France. In the Southern The January Class IV price is Hemisphere, the New Zealand milk $23.09 per cwt., up $3.21 from production season continues to disapDecember, $9.34 above a year ago, and the highest point with December output down 5 percent comClass IV price since August 2014. pared to prior year. Argentina is still posting strong International dairy prices remain strong. The Feb. production figures, but the volumes are modest and 1 Global Dairy Trade auction saw the weighted logistical challenges are preventing the resulting average jump 4.1 percent following the 4.6 percent dairy products from making a dent in global demand. increase on Jan. 18. The average metric ton price As such, global milk supplies are lacking and are genclimbed to $4,630 U.S., up from $4,463 and the erally expected to support prices at higher than hishighest in eight years. torical levels over the coming months.” All products offered were again in the black, led December milk equivalent exports out of New by buttermilk powder, up 9.7 percent. It did not Zealand were down 0.1 percent from December trade in the last event. Whole milk powder was up 2020, according to StoneX, and a little weaker than 5.8 percent following a 5.6 percent rise last time, the 0.8 percent increase they were expecting. “It’s and skim milk powder was up 2.1 percent after estimated that stocks have been pulled down 4 to 5 jumping 5 percent. Butter was up 3.3 percent after percent compared to the previous year, but stocks a 5 percent boost, and anhydrous milkfat moved 1.4 weren’t pulled down quite as much as was expected. percent higher after a 0.6 percent advance. GDT Shipments to China being down 14 percent yearcheddar was up 2.4 percent after a 1.1 percent gain over-year is a little concerning, but lines up with the last time. weak official import numbers for China in StoneX Dairy Group says the GDT 80 percent but- December. We’ll see if that bounces back for January,” StoneX concludes. terfat butter price equates to $2.8140 per pound U.S. The price is up 8.9 cents after jumping 12.8 n cents on Jan. 18, and compares to Chicago Dairy traders in Chicago pretty much ignored the Mercantile Exchange butter which closed Feb. 4 at GDT and CME prices to start February mixed, as a $2.50. GDT cheddar, at $2.5783, was up 6.3 cents massive winter storm hit the nation’s midsection — and compares to Feb. 4’s CME block cheddar at a covering nearly 2,000 miles with freezing tempera-
MARKETING
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2010 TOYOTA 8FGU32
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tures and heavy snow. Traders were also anticipating the December Dairy Products report issued on the afternoon of Feb. 4. The cheddar blocks recovered the previous week’s losses and then some — ending three weeks of decline and closing Feb. 4 at $1.90 per pound. This is up 11 cents on the week, highest since Jan. 14, and 26 cents above a year ago. The barrels finished at $1.895, which is 15.25 cents higher on the week. It is the highest since Jan. 19, 39.5 cents above a year ago, and a half-cent below the blocks. There was one sale of block reported for the week at the CME and seven of barrel. Midwest cheesemakers continue to tell Dairy Market News that milk availability is generally balanced; but cheese plant downtime, due to logistic and staffing shortages, kept discounts on hand. Prices at report time ranged from Class to $2 under. Supplies are stalled in shipping and plants are thus prone to downtime. Cheese demand remains slower than it was in late fall, at least partially due to market price downward pressure; but markets experienced some bullish correction this week. Inventories have grown, but are not at concerning levels. Steady demand for cheese remains in western retail markets while food service demand has declined, says Dairy Market News. Many restaurants in the region reportedly remain closed due to Covid concerns and labor shortages. International demand remains strong but exports continue to face delays due to port congestion but alternative transportation is being sought. Delays also continue due to a shortage of truck drivers. Stocks are available and cheese output is steady though some plants are running below capacity due to labor shortages. n After plunging 39.5 cents the previous week, the butter fell to $2.4525 per pound Feb. 2 (the lowest since Dec. 30) but closed two days later at $2.50, See MIELKE, pg. 14
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1975 International Loadstar
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Clark GC S25MB
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2018 Flexi-Coil S65
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