Inventories for NFDM (non fat dry milk) and dry whey were mixed, according to the latest news from the UDSA’s (US Department of Agriculture) Dairy Product report.
NFDM stocks have increased by 5.2% from the previous month to 261 million lbs (118,636 tonnes). NFDM inventories have been above 200 million lbs (90,909 tonnes) for 13 of the last 15 months.
Compared to the previous year, NFDM stocks were up by 39.9 million lbs (18%). This is the eleventh consecutive month of year over year increase.
On the other hand, dry whey stocks decreased by 10% to 63.3 million lbs (28773 tonnes) from the previous month. Year over year dry whey inventories were down by 0.2%.
ADVERTISEMENT
NFDM and SMP (skim milk powder) are on the floor and are pulling down milk prices in the US, while butter and cheese sales are continuing to grow in the domestic market.
Class 111 milk price (milk for cheese production) for June was reported at $16.72 per 100 lbs (33.2 c/l), down $ 4.64/100lbs (9.22 c/l) from the previous year, while the Class 1V price fell $9.23/100lbs (18.33 c/l) in the same period to $13.90/100lbs (27.6 c/l).
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
NFDM stocks have increased by 5.2% from the previous month to 261 million lbs (118,636 tonnes). NFDM inventories have been above 200 million lbs (90,909 tonnes) for 13 of the last 15 months.
Compared to the previous year, NFDM stocks were up by 39.9 million lbs (18%). This is the eleventh consecutive month of year over year increase.
On the other hand, dry whey stocks decreased by 10% to 63.3 million lbs (28773 tonnes) from the previous month. Year over year dry whey inventories were down by 0.2%.
NFDM and SMP (skim milk powder) are on the floor and are pulling down milk prices in the US, while butter and cheese sales are continuing to grow in the domestic market.
Class 111 milk price (milk for cheese production) for June was reported at $16.72 per 100 lbs (33.2 c/l), down $ 4.64/100lbs (9.22 c/l) from the previous year, while the Class 1V price fell $9.23/100lbs (18.33 c/l) in the same period to $13.90/100lbs (27.6 c/l).
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS