Milch News, 06/29/2023

In the past week, milk volumes have also been declining. Once again, around 0.3% less raw milk was served compared to the 23rd calendar week. The lead over the previous year shrinks slightly to 2.6%. (overall year to date). The firmer tendencies on the concentrate markets are currently not continuing. Demand for industrial cream is weaker again and prices are falling. It's the same with skimmed milk concentrate. The national average for spot market milk is 37.9 cents/kg, which is 0.7 cents/kg more than a week ago. There is hardly any demand for block butter anymore. The amounts in the talks are falling significantly. There is no longer any sign of the revival at the beginning of June. Butter prices on the EEX have recently been under pressure, which is probably one of the reasons why buyers are again more cautious in their orders. The listing for block butter fell in yesterday's listing. The turnover on the EEX was higher compared to the previous week, the prices were under pressure as described, but are above the current cash market level for the second half of the year.Shaped feed is also in less demand again, as is usual with the season. With the holidays in NRW and the beginning of the summer holidays in other federal states, the food retail trade is calling up lower volumes from dairies and retailers. The end of the asparagus season has also caused a drop in demand. Both the dairy selling prices and the consumer prices are unchanged. After the very high call-offs for semi-hard cheese at the beginning of June, demand calmed down somewhat over the course of the month. The plants register lower goods issues to the food retail trade. Industry and bulk consumers continue to call off large quantities, supply and demand are balanced here and exports to the southern European regions are continuously going well. Inventories remain manageable and young. Short-term delivery questions can usually not be served. In Hanover, the quotations were stable yesterday compared to the previous week. There is little news when it comes to food-grade skimmed milk powder . Demand is still manageable and business development is at a calm level.However, later dates are still in demand, but business deals are only very rarely concluded due to different price expectations. Exports are showing more lively demand from the Middle East. However, this is only likely to be short-lived, since the requirements from this region typically decrease with the upcoming Festival of Sacrifice. Sales volumes on the EEX declined. The price level is also slightly lower than in the previous week. Up to the September delivery date, prices are within the current quotation range, from October up to and including February they are above it. Feed goods are hardly in demand, the prices for the quality have repeatedly fallen. Whey powder is listed somewhat weaker, business activities are also lower here due to holidays and vacations. Whole milk powder also continues its calm course of business. The price range was reduced by 30 euros at the upper end and is now between 3,42.0 and 3,570 euros/t. Whole milk powder from Germany and Europe as a whole is therefore still hardly internationally competitive.