May Class III, Class IV prices lower

Federal order Class III & IV milk prices declined in May, according to the monthly price announcement from USDA's Ag Marketing Service.

May 2014 prices, compared to previous month and year, include:

• Class III: $22.57/cwt., down $1.74 from April 2014, but $4.05 more than May 2013. The 2014 Y-T-D average is $22.94/cwt., up $5.26 from the January-May 2013 average of $17.69/cwt. The May federal order Class III price is $3.23 more than the comparable May California Class 4b price announced June 2, with the Y-T-D Class III average $2.00 higher than the Y-T-D Class 4b average.

• Class IV: $22.65/cwt., down 69¢ from April 2014, but $3.76 more than May 2013. The 2014 Y-T-D average is $23.08/cwt., up $5.06 from the January-May 2013 average of $18.02/cwt.

 

April mozzarella output up; butter production lags

USDA released its monthly Dairy Products report on June 4, summarizing April 2014 production estimates (see table).

April 2014 Dairy Products

 

 

 

 

 

April

Change from

Y-T-D

Change from

 

2014

April 2013

2014

2013

 

(1,000 lbs.)

%

(1,000 lbs.)

%

Total cheese

950,385

2.2

3,717,914

1.5

American types

376,745

-1.4

1,477,173

-0.6

Cheddar

281,771

1.0

1,085,192

-1.0

Italian types

413,877

5.2

1,634,341

4.3

Mozzarella

327,817

8.3

1,294,447

6.5

 

 

 

 

 

Butter

158,423

-4.9

670,179

-5.5

 

 

 

 

 

Dry whey, total

74,464

-12.8

278,070

-19.2

 

 

 

 

 

Nonfat dry milk, human

158,185

-1.2

600,251

2.2

Skim milk powder, total

48,806

22.8

185,640

4.0

Source: USDA Dairy Products report

 

 

 

HighGround Dairy Division termed the report slightly bearish for cheese, butter and nonfat dry milk, but supportive of whey product prices.

FC Stone termed the report slightly bullish for butter; slightly bearish for cheese; bearish for nonfat dry milk; and bullish for dry whey and WPC.

 

CME daily close

Daily CME Cash Trading on Wednesday, June 4, 2014

 

 

 

Daily

 

Close

Change

 

($/lb.)

(¢/lb.)

Cheddar barrels

1.9450

+1.00

Cheddar blocks

2.0300

+5.50

NFDM Grade A

1.8600

+0.25

Butter Grade AA

2.2600

n.c.

 

Weekly NDPSR

Weekly National Dairy Product Sales Report

Week ending May 31, 2014

 

 

 

 

Change from

 

Ave. price

previous week

 

($/lb.)

(¢/lb.)

Butter

2.13

1.0

Cheddar blocks

2.05

-6.1

Cheddar barrels

2.06

-4.0

Dry whey

0.672

-0.8

NFDM

1.89

7.6

 

Weekly ethanol production, corn use

Ethanol production data for the week ending May 30:

Ethanol production: 39.4 million gallons/day

Corn used: 14.22 million bushels/day

DIstillers grains production: 93,326 metric tons/day

Source: Renewable Fuels Association

 

Mammoth Cave Dairy Auction

Dairy replacement sales results from Smiths Grove, Ky., on June 3:

(Holsteins, supreme and approved, unless otherwise noted)

 

Springers: 2-3 years old, 5-8 months bred

Supreme: 1650-2150

Approved: 1450-1600

Medium: 1200-1425

Common: 850-1175

 

Fresh Milking Cows: 2-4 years old

Supreme: 1925-2300

Approved: 1550-1600

Medium: 1350

Common: 910

 

Short Bred: 2-3 years old, 1-4 months bred

Supreme: 1650-1800

Approved: 1300-1525

Medium: 1200

Common: 1000

 

Open Heifers: (Supreme & Approved)

300-400 lbs. 525

400-500 lbs. 510-735

500-600 lbs. 550-1010

700-800 lbs. 1225-1235

Holstein Heifers Calves: Small 100-190; Medium-Large 190-290.

 

Idaho Producers Livestock Marketing Association

Dairy replacement sales results from Jerome, Idaho, on May 28:

Springers (top 120): 1920 with top of 2500

Fresh heifers: 1800-1975

Short bred: 1200-1500

Open heifers (600-700 lbs.): 162/cwt.

 

International Dairy Show earns ‘growth’ honors 

The International Dairy Foods Association’s 2013 International Dairy Show earned a coveted spot on Trade Show Executive’s 2014 Fastest 50, a list of the fastest-growing U.S. trade shows. In addition, the Dairy Show and its co-location partner, PROCESS EXPO, ranked second on EXPO Magazine’s list of Top 25 Fast-Growth Shows.

IDFA and the Food Processing Suppliers Association (FPSA) reported record attendance of 19,155 for their co-located shows in 2013.

The 2015 shows will be held Sept. 15-18 at McCormick Place in Chicago, with an additional co-location partner, InterBev Process. For information regarding the International Dairy Show, visit www.dairyshow.com.

 

IDFA launches dairy career-building initiative 

The International Dairy Foods Association (IDFA) launched the NextGEN Dairy Network, an initiative focused on helping up-and-coming dairy industry professionals build their careers. Through online forums, networking and targeted training sessions, the NextGEN Dairy Network will provide professionals with access to the information, tools and expertise necessary to be successful in the industry.

The network is open to all employees of IDFA member companies and business partners who have less than 15 years of experience in the dairy industry. There is no cost to join. Simply log on to http://www.idfa.org/nextgen and complete a brief registration form.