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www.thelandonline.com — “Where Farm and Family Meet”
THE LAND — DECEMBER 28, 2018/JANUARY 4, 2019
Dairy Trade auction prices continue to inch upward This column was written secutive month of gain. for the marketing week endMatt Gould, analyst and ing Dec. 21. editor of the Dairy and Increased output in milk Food Market Analyst newsper cow again pushed letter, said in the Dec. 24 November production above Dairy Radio Now broadcast, a year ago, the 60th consec“That’s a low enough utive month that output growth in supply that contopped that of the year sumption likely outpaced MIELKE MARKET before. Preliminary U.S. supply during the month.” WEEKLY Department of Agriculture Meanwhile, dairy cow By Lee Mielke data in the top 23 producing culling dropped in states shows output at November but was well 16.4 billion pounds, up above a year ago, just 0.8 percent from according to the 2017, with the 50-state total, at 17.37 USDA’s latest Livestock Slaughter billion pounds, up 0.6 percent. report. An estimated 268,000 head Revisions lowered the initial 50-state were slaughtered under federal October estimate by 18 million pounds inspection in November, down 20,200 to 17.89 billion, up 0.7 percent from head from October but 24,300 head or 2017. almost 10 percent above a year ago. A November cow numbers in the 50 total 2.89 million head have been states totaled 9.36 million head, down culled in the 11-month period. This is 8,000 from October and 38,000 less up 150,600 head or 5.5 percent from than a year ago. This is the fifth time 2017. that cow numbers were below a year n ago since May 2016. Output per cow The last Global Dairy Trade auction averaged 1,856 pounds, up 19 pounds of 2018 ended on an up note. Traders from the year before and the 37th con-
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took the weighted average of products offered up 1.7 percent, following the 2.2 percent rebound on Dec. 4, which ended seven sessions of decline. The gains were led by butter, up 4.9 percent, following a 2.7 percent rise last time. Anhydrous milkfat was up 4.0 percent, after a 3.9 percent rise. Skim milk powder was up 3.4 percent, after it inched 0.3 percent higher last time, and cheddar cheese was up 2.2 percent, after dropping 2.2 percent last time. Lactose was up 1.6 percent and whole milk powder inched up 0.3 percent, after it jumped 2.5 percent. Rennet casein showed the only loss, down 2.1 percent. FC Stone equates the GDT 80 percent butterfat butter price to $1.7381 per pound U.S., up 8.1 cents from the last session. Chicago Mercantile Exchange butter closed Dec. 21 at $2.2050. GDT cheddar cheese equated to $1.4799 per pound, up 3.6 cents from the last event and compares to Dec. 21’s CME block cheddar at $1.39. GDT skim milk powder averaged 92.63 cents per pound, up from 89.35 cents last time, and whole milk powder averaged $1.2129, up from $1.2095. CME Grade A nonfat dry milk closed Dec. 21 at 94 cents per pound. n November butter stocks saw another good drawdown and fell below a year ago for the first time since February, according to the USDA’s latest Cold Storage report. American-type cheese, which includes cheddar, slipped to 803.4 million pounds, down just 8 million
pounds, or 1 percent from October, but 70 million or 9.5 percent above a year ago. The “other” cheese fell to 520.5 million pounds, down 8.3 million pounds or 1.6 percent from October but was 20.2 million pounds or 4 percent above a year ago. The total cheese inventory stood at 1.35 billion pounds, down 17.3 million pounds, or 1 percent from October but a bearish 94.2 million pounds or 7 percent above a year ago and the 49th consecutive month stocks topped a year ago. Cash block cheese closed the Friday before Christmas at $1.39 per pound. This is down 1.75 cents on the week and 10.25 cents below a year ago. The barrels finished at $1.2950, down 1.5 cents, 11.5 cents below a year ago when they plunged 25 cents, and 9.5 cents below the blocks. Only four cars of barrel were traded. Demand is mixed in the Midwest cheese sector, says Dairy Market News. Some cheddar demand is seasonally slower, but mozzarella and other pizza cheese producers suggest orders are steady to better than expected. Milk availability is varied but a number of contacts suggested that milk was less available than expected. Spot prices were only slightly lower than the previous week at $3 under to $2 over Class III. Western cheese sales have been solid, but contacts say the supply chain is full. Demand from mozzarella has been strong and lower market prices have generated more interest See MIELKE, pg. 25
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