DAIRY TRENDS
Dairy Trends - April 19, 2024
All dairy pricing trends are based on USDA and CME data as of April 17, 2024.
BUTTER
The butter market continues to set all-time highs for this time of year, as end users continue to build inventories in advance of the stockpiling period that usually runs from July through November, according to analysts who also report that domestic inventories remain relatively tight, helping to support prices at these elevated levels.
CHEESE
Both the CME block and barrel markets increased for the third week in a row. Inventories and milk supply remain plentiful, while demand is light to steady, according to analysts.
SHELL EGGS
According to Urner Barry, most shell egg markets were unchanged this week. Analysts note that this is atypical, given the market declines that have historically followed Easter, but the recently confirmed cases of Avian Influenza in Texas and Michigan are posing risks to supply and keeping markets elevated.
MILK & CREAM
Analysts report that domestic milk production is solid across the nation, as the spring flush season is underway. They also report that seasonally higher milk output is keeping plenty of cheap cream flowing into the market for churns.
The data contained in the Farmer’s Report is provided for informational purposes only, is not tailored to your specific purchasing needs, and is not intended as a substitute for any other publicly-available market data or information. The Farmer’s Report is compiled from the last-received market data provided by the United States Department of Agriculture (USDA) and/or other market sources, and is subject to change without notice. Nothing herein is the opinion of US Foods®. US Foods neither assumes any legal liability nor makes any warranty or guaranty, either express or implied, regarding the completeness, accuracy or usefulness of this information.