Milk volumes declined last week. Compared to the 21st calendar week, it fell by 0.2%. Compared to the same week last year, however, 1.1% more raw milk was delivered. Demand for industrial cream is high. Demand for cream is significantly higher than a few weeks ago due to the rising temperatures, and raw material prices are trending accordingly. Demand for skimmed milk concentrate has also picked up further with the turn of the month. Spot marketed milk rose to 43.1 cents/kg (+2.1 cents).
Prices for molded butter were raised significantly at today's quotation. The Süddeutsche Butter- und Käsebörse quotes a trading range of 6.12 to 6.39 euros/kg, an increase of 19 cents at the upper end and 18 cents at the lower end. Consumer prices also rise in June. The average 250 gram packet now costs 1.85 euros. That is 6 cents more than in May. The price of block butter also rose significantly. The range was increased to 6.68 to 6.81 euros/kg. Demand has continued to pick up and is described as high. Buyers do not appear to have stocked up sufficiently recently, particularly for short-term requirements. Export volumes, on the other hand, remain at a manageable level. Butter rose by 1.7% in the Global Dairy Trade Tender. On the EEX, however, prices were somewhat weaker, particularly for the forward dates.
The situation on the semi-hard cheese market remains unchanged. Supply and demand are described as balanced overall. Call-off orders are high, particularly from food retailers, and demand and orders are also coming from the vacation regions in southern Europe. Prices in Hanover remain unchanged.
The recent dynamic business trend has calmed down somewhat. Short-term requirements in particular are largely covered, but contracts are still being concluded with customers from the European food industry. Prices are once again trending firmer. In Kempten, the average spread was raised by 25 euros/t. The animal feed market, on the other hand, is quiet, but here, too, prices were raised by an average of 20 euros per tonne. Prices for whole milk powder are also firm. This is mainly due to the price trend for concentrates. However, manufacturers continue to focus primarily on the processing and production of ordered quantities. There is no new business worth mentioning. In contrast, demand for food-grade whey powder is increasing again. Inquiries, which are also resulting in business deals, are coming from both Germany and third countries. At the upper end of the trading range, the price rose by 20 euros to between 950 and 1,020 euros per tonne. Feedstuff goods, on the other hand, are hardly in demand and are trending sideways.
ZMP Live Expert Opinion
The outlook remains firm. Prices have risen again and the European Championships in Germany promise increased demand from the food service industry.
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