Milling & Baking News - May 3, 2005 - 54

I N G R E D I E N T

W E E K

Dairy products
F.o.b. plant, $ per lb

- Change from - Year
April 29
April 22 April 15 ago
Whey powder
.24¾ @ .25¼
-
-
.32½
Lactose
.17 @ .19
-
+1c
.23
Whey protein concentrate,
(34% edible)
.80 @ .84
+½c
+½c
.58¾
(80% edible)
1.90 @ 2.00
-
-
...
Whey protein isolate
(90% edible)
3.00 @ 3.10
-
-
...
Nonfat dry milk high-heat
Central/East
.97 @ 1.08
-
-
.98
West
.97 @ 1.08
-
-
...
Nonfat dry milk medium-low heat
Central/East
.96 @ .98
-
-
...
West
.96 @ .98
-
-
...
Buttermilk powder .96 @ 1.05
-
-
1.10
Casein - acid
3.27 @ 3.40
-
-
...
Casein - rennet
3.27 @ 3.45
-
-
...
Caseinate
(f.o.b. ports)
3.60 @ 3.75
-
-
2.70
Butter (U.S.D.A.)
...
...
...
...
Butter 93AA (C.M.E.) 1.40¾
-5¾c -11¼c 2.13
Cheese $ per lb, Central
Cheddar (Blocks 40#) 2.07¼
-1½c
-1½c
...
Cheddar barrels
1.38
-8c
-13c
...
Cheddar powder
...
...
...
...
Mozzarella
2.09¼
-2¼c
-3¼c
...
American 5# loaf
1.84
-3c
-5c
...

Egg products
- Change from - Year
Eggs
April 29
April 22 April 15 ago
Delivered, cents per dozen (multiply by 30 for case price)
Nest runs
29.00 @ 36.00
+3.00 +7.00
57.00
Checks
15.00 @ 20.00
+1.00 +4.00
44.00
Dried products
f.o.b. plant, $ per lb
Whole
1.30 @ 1.51
-
-
2.90
Whites
2.25 @ 2.45
-.05
-
6.95
Yolks
1.35 @ 1.55
-
+.02
1.60
Blends
(+ sweetener) 1.25 @ 1.50
-
-.05
1.85
Frozen products - pasteurized, less than truckload
Whole
0.38 @ 0.43
-.01
-.01
...
Whites
0.41 @ 0.45
-.01
+.01
...
Sugared yolks 0.58 @ 0.62
-.01
+.03
...
Salted yolks
0.55 @ 0.59
-.01
+.02
...
Liquid products - pasteurized, f.o.b.
Whole
0.27 @ 0.33
-
+.02
...
Whites
0.21 @ 0.24
-.01
-.02
...
Yolks
0.49 @ 0.54
-.01
+.04
...

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---*
*

 Dairy Products

Ongoing tightness pervaded milk
products last week, with isolated advances recorded. Whey was steady to
strong, while whey protein concentrate
advanced ½c a lb. All other items were
unchanged. The market again had difficulty generating sufficient product to
meet demand. Given that many dairy
herds already were in the seasonal flush,
production was brisk but still inadequate, given keen domestic and export
interest. But seasonal cutbacks in demand following the closing of schools in
the next four to six weeks should bring
supply and demand back into balance.
Expanding milk supplies created
increased amounts of condensed whey,
but output of the dried product was
relatively steady. Mexico has been an
active buyer in some markets. West coast
numbers moved slightly up in line with
improved domestic and export demand.
Strong domestic and export demand
for whey protein concentrate accounted
for the upturns. Only limited supplies of
nonfat dry milk were available.
In contrast, butter prices were the lowest

Cocoa
$ per lb

- Change from - Year
April 29 April 22 April 15 ago
Butterfat ratio N.Y. 2.80@ 2.90 -
+.05 2.60
Cake ratio N.Y.
.75@ .80
-
-
1.15
Powder ratio N.Y. .97@ 1.12 +.05 +.06 1.44
Cocoa Powder (East coast points, $ per lb)
10-12% natural
.65@ .75
-
-
.90
10-12% alkalized .75@ .85
-
-
1.00
Red alkalized .90@ 1.00 -
-
1.30
Black alkalized .95@ 1.05 -
-
1.40
16-18% natural
.70@ .80
-
-
.95
Red alkalized .95@ 1.05 -
-
1.35
22-24% natural
.73@ .83
-
-
.98
Red alkalized .98@ 1.08 -
-
1.38

since January as churn remained heavy.
And cheese declined for a third consecutive week. The normal spring increase in
processed cheese demand has been slow
to develop. Mozzarella demand also was
light and supplies ample. Only cheddar
blocks appeared to have sufficient demand.
The U.S.D.A. reported stocks of American
cheese and butter in cold storage had their
largest March increase in 30 years. MBN

 Eggs

A softer tone again was apparent in
egg products last week. In the dried
egg sector, egg white solids eased 5c a
lb, while other items held unchanged.
Frozen egg products lost 1c, and liquid
ended easy to 1c down. Losses came
even as breaking stock numbers moved
appreciably higher in some instances.
Tighter eggs attracted relatively little
interest since participants confidently
anticipated pressure when layers begin
to move out of molt in May.
Overall business was fairly light, but
scattered users filled out spot needs.
Some breakers urged customers to delay
coverage where possible in anticipation
of more pressure on pricing in May. MBN

 Cocoa

Cocoa powder prices held unchanged
last week in scattered trading. However,
there were scattered reports of discounting in some of the markets, and buyers
seemingly anticipated lower levels in the
near term.
Much of the current buying involved
filling out balances for the remainder of
2005. Individual sellers pushed trade for
2006, but aggregate coverage for the new
year remained quite meager. MBN

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Milling & Baking News - May 3, 2005

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