Milling & Baking News - March 14, 2006 - 57

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
March 10 March 3 Feb. 24
ago
Whey powder
.34¼ @ .35¼
+¼c
+¼c
.24
Lactose
.23 @ .25½
-
-
.16
Whey protein concentrate,
(34% edible)
.71½ @ .73½
-
-1c
.75¼
(80% edible)
1.90 @ 2.10
-
-
1.90
Whey protein isolate
(90% edible)
2.80 @ 3.00
-
-
3
Nonfat dry milk high-heat
Central/East
.92 @ 1.05
-
-3c
1.02
West
.90 @ .93
-
-
1.02
Nonfat dry milk medium-low heat
Central/East
.84 @ .93
-
-2c
.99
West
.83 @ .87¾
-
-1c
.99
Buttermilk powder .79 @ .88¼
-1c
-3c
.94½
Casein - acid
3.08 @ 3.27
-
-
3.27
Casein - rennet
3.15 @ 3.27
-
-
3.27
Caseinate
(f.o.b. ports)
3.40 @ 3.60
-
-
3.65
Butter (U.S.D.A.)
...
...
...
...
Butter 93AA (C.M.E.) 1.16
-3c
+¼c
1.52¼
Cheese $ per lb, Central
Cheddar (Blocks 40#) 1.87
-1c
-3¾c
2.11½
Cheddar barrels
1.10½
-
-2½c
1.44
Cheddar powder
...
...
...
...
Mozzarella
1.83¼
-1¼c
-4c
2.13½
American 5# loaf
1.56¼
-2¾c
-5¼c
1.88¾

Egg products
- Change from - Year
Eggs
March 10
March 3 Feb. 24
ago
Delivered, cents per dozen (multiply by 30 for case price)
Nest runs
26.00 @ 28.00
+1.00 +1.00
29.00
Checks
15.00 @ 17.00
+1.00 +1.00
16.00
Dried products
f.o.b. plant, $ per lb
Whole
1.40 @ 1.55
-.05
-.05
1.38
Whites
2.62 @ 2.87
-.08
-.08
2.30
Yolks
1.34 @ 1.50
-.03
-.03
1.30
Blends
(+ sweetener) 1.28 @ 1.40
-.02
-.02
1.40
Frozen products - pasteurized, less than truckload
Whole
0.46 @ 0.49
-
-
0.38
Whites
0.41 @ 0.46
-.02
-.02
0.37
Sugared yolks 0.59 @ 0.62
-.01
-.01
0.53
Salted yolks
0.55 @ 0.60
-.01
-.01
0.51
Liquid products - pasteurized, f.o.b.
Whole
0.28 @ 0.30
+.01
+.01
0.34
Whites
0.31 @ 0.33
+.01
+.01
0.29
Yolks
0.40 @ 0.42
-.01
-.01
0.43



Dairy Products

A somewhat defensive stance was
evident in milk products last week, although individual markets closed irregularly.
Increased supplies weighed on most
regions. In particular, export outlets that
had been so important in supporting
the market over the past several months
have narrowed appreciably, presenting a
challenge to the domestic markets.
While whey moved up ¼c a lb buttermilk declined 1c a lb, for a loss of 3c
in the past two weeks. Price changes in
other items were minimal.
Caseinate, which had declined around
15c a lb the past several months, continued to exhibit a soft tone and reflected
cheaper skim milk numbers in Europe.
The previous week's strength in butter
prices was short-lived. Prices declined 3c
a lb last week. Even with increased demand for upcoming Easter and Passover
holidays, producer inventories continued to grow. Churn was heavy in all regions. In its latest Dairy Products report,
the U.S. Department of Agriculture said
butter production in January was 145.5
million lbs, up 13% from a year earlier.

Cocoa
$ per lb

- Change from - Year
March 10 March 3 Feb. 24 ago
Butterfat ratio N.Y. 2.75@ 2.85 -
-.05 2.85
Cake ratio N.Y.
.55@ .60
-
-.01
.65
Powder ratio N.Y. .70@ .80
-
+.02
.77
Cocoa Powder (East coast points, $ per lb)
10-12% natural
.47@ .52
-
-
.60
10-12% alkalized .65@ .75
-
-
.70
Red alkalized .70@ .80
-
-
.85
Black alkalized .80@ .90
-
-
.90
16-18% natural
.52@ .57
-
-
.65
Red alkalized .80@ .90
-
-
.90
22-24% natural
.55@ .60
-
-
.68
Red alkalized .83@ .93
-
-
.93

Cash cheese prices remained weak.
Buying interest picked up at current low
price levels for some types. Cheddar prices appeared to stabilize somewhat. MBN

 Egg Products

Although dried and frozen egg products lost ground last week, a number
of liquid products scored gains. These
changes took place even as breaking
stock moved somewhat higher. Breaking
stock still lagged behind the graded market, which has exhibited strengthening
well in advance of the Easter holiday.
Whole egg solids declined 5c a lb,
whites down 8c and yolks off 3c. Blends
eased 2c a lb. Dryers pointed to disappointing margins.
Frozen products finished 1@2c a lb lower
with the exception of wholes, which were
unchanged. Liquid wholes and whites
gained 1c a lb, but yolk declined 1c.
Individual processors were fairly aggressive sellers. The "inline" sector seemingly was carrying a burdensome inventory of unpasteurized liquid stocks, generating downward competitive forces
within the marketplace. MBN

 Cocoa

Cocoa powder prices were unchanged
in extremely light trading last week. Participants pointed to relatively narrow
price ranges as buyers continued to exhibit a pronounced reluctance to extend
balances further into 2007.
Since selling into the new calendar year
often begins during the second quarter
of the year before, sellers were nervous
over current lighter-than-expected bookings for the second half of 2006. Overseas
markets were quiet. Speculative activity
was limited. MBN

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58 / Milling & Baking News, March 14, 2006

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