DAIRY TRENDS

Farmer's Report

Dairy Trends - January 22, 2021

All dairy pricing trends are based on USDA and CME data as of Jan 20, 2021.

BUTTER

The butter market has rebounded significantly, following continuous declines. However, the USDA continues to report lower domestic demand from restaurants, strong churn rates, and massive stocks in cold storage. Analysts are having difficulty making long-term predictions regarding market direction.

CHEESE

On the CME, blocks and barrels were down due to strong production and supply.

SHELL EGGS

Strong retail and baking demand drove the Urner Barry markets up this week.

MILK & CREAM

The USDA reports that fluid milk demand is steady to slightly higher. However foodservice orders are lighter than in previous years. The fairly mild winter weather has kept cow comfort at stable to good conditions, with cream being very abundant.

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.