Dairy department sales climbed by double digits in supermarkets across the country. Supermarket News says dairy category sales totaled just under $5.1 billion for the month, 16 percent higher year-over-year. The International Dairy Deli Bakery Association says in its June marketplace update that unit sales did drop 2.4 percent from last year. The IDDBA report says the consistency of the weekly sales levels, all at least $1.2 billion, is encouraging because it means demand is holding strong especially compared to pre-COVID levels. The biggest sales took place in the week leading up to Father’s day, with total sales of $1.3 billion. “Milk was easily the biggest seller in June at $1.3 billion,” the report says. “The next-biggest sellers were natural cheese and eggs, which moved ahead of yogurt with because of high inflation.” The average price per unit for eggs increased to $4.10, over 51 percent higher than in June 2021.
Monday Morning Dairy Market Update - Milk Futures Show Further Weakness
OPENING CALLS: Class III Milk Futures: 4 to 6 Lower Class IV Milk Futures: Mixed ...
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GENERAL OVERVIEW: Traders had something to get excited over, resulting in milk futures increasing significantly. The strength in che...
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California milk production is seasonally decreasing but still supplying the needs of dairy commodity manufacturers. Processors report milk a...
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GENERAL OVERVIEW: Class III milk futures closed lower in most traded contracts. The weakness of blocks triggered selling as traders ...
