This midweek update brings a mixed bag that’s worth your attention. A few cents saved or gained here and there could mean a lot for your bottom line. But what exactly happened, and how can it affect you?
| Mon | Tue | Wed | Thur | Fri | Current Avg. | Prior Week Avg. | Weekly Volume | |
|---|---|---|---|---|---|---|---|---|
| Butter | 3.1850 | 3.1700 | 3.1600 | – | – | 3.1717 | 3.1410 | 32 |
| Cheddar Block | 2.1000 | 2.1000 | 2.0950 | – | – | 2.0983 | 2.0495 | 3 |
| Cheddar Barrel | 2.2550 | 2.2650 | 2.2825 | – | – | 2.2675 | 2.1840 | 2 |
| NDM Grade A | 1.2650 | 1.2825 | 1.2850 | – | – | 1.2775 | 1.2380 | 13 |
| Dry Whey | 0.5500 | 0.5575 | 0.5675 | – | – | 0.5583 | 0.5590 | 1 |
First off, let’s talk cheese. Cheese barrels rose by $.01 and ¾ to hit $2.28 and ¼. This follows gains from the previous day. Conversely, 40-pound block cheese lost half a cent, ending at $2.09 and ½ after starting the week steady.
Why does this matter? Cheese pricing can serve as an early indicator of market trends, giving you clues about overall dairy product demands. When cheese prices rise, it’s often a sign of growing consumer demand. So, did you see that coming? How might you adjust your sales strategy if these trends continue?
“Cheese pricing can serve as an early indicator for market trends, giving you clues about overall dairy product demands.” – USDA.
Next up, let’s talk butter. Double A butter prices moved down by a penny to $3.16. While this might seem insignificant, every cent counts. Are you prepared for these minor adjustments?
Here’s a snapshot of the other dairy products:
- Grade A nonfat dry milk: A gain of a quarter-cent, closing at $1.28 and ½, maintaining a firm trend throughout the week.
- Extra grade dry whey: Up one cent, now at $.56 and ¾.
Okay, so what’s the takeaway here? The market isn’t moving in one direction. It shows volatility but also opportunities. You can navigate these shifts more effectively if you stay informed and make data-driven decisions. Are you tracking these metrics closely in your operation?
