January CME spot cheddar headed for record
If the current trend continues, the January 2014 average CME spot cheddar cheese price will set a record, according to Dr. Brian Gould, dairy economist at the University of Wisconsin-Madison.
Previous to this month, the highest monthly average CME spot cheddar price was $2.1687/lb., in April 2004. December 2013’s average was $1.9431/lb. Last Friday's CME price was $2.3100/lb.
The January 2014 Class III settle price closed at $21.05/cwt. on Friday, up 13¢ from the previous day. The February Class III settled at $22.45/cwt, up 10¢.
For more information, go to: UW Understanding Dairy Markets website: http://tinyurl.com/cekrd7k .
November fluid sales slightly lower
November 2013 packaged fluid milk sales totaled 4.39 billion lbs., down 2.1% from November 2012, according to USDA’s Dairy Market News.
November sales of conventional products, at 4.20 billion lbs., were down 2.2%; organic products, at 193 million lbs., were up 0.7%. Organic represented about 4.4% of total sales for the month.
January-November 2013 total packaged fluid milk sales, at 47.15 billion lbs., were down 2.4% from the same period a year earlier. Year-to-date sales of conventional products, at 45.09 billion lbs., were down 2.7%; organic products, at 2.07 billion lbs., were up 4.3%. Organic represented about 4.4% of total sales.
Source: Dairy Market News
Cheese Importers to hold SIAL retailer lottery
The Cheese Importers of America (CCIA) will hold a lottery for qualified U.S. retailers, with winners receiving an all-expense paid trip to the SIAL Show in Paris, France, Oct. 19-23, 2014.
Food retailers selling specialty cheese are invited to apply. To qualify, retailers should purchase at least 500,000 lbs. of cheese per year or have 20 retail stores. The retailer guests are selected via a random lottery drawing, which will be held in August 2014.
The SIAL Show – the world's largest food trade show – is held every two years, featuring several exhibition halls of cheese and gourmet foods. As part of the trip, U.S. retailers will attend the SIAL show as guests of the CIAA, and participate in all events and dinners with CIAA members. Additionally, the CIAA has partnered with Cniel, the organization representing French dairy processors, for a special tour of a wide array of French food retailers.
To learn more about the trip and to apply, individuals are encouraged to visit the CIAA website.
Source: Cheese Importers of America