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.
Tuesday Closing Dairy Market Update - Dry Whey Supports Class III Futures
MILK: Class III futures found some buying interest as steady cheese prices were not viewed as bearish due to the strength of dry whe...
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MILK There had been some optimism that lower milk production in February would get the attention of cheese buyers and they would ste...
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OUTSIDE MARKETS SUMMARY: CORN: 1 Lower SOYBEANS: 3 Higher SOYBEAN MEAL: $11...
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Block cheese price increased 1.75 cents, closing at $1.7525 and the highest price it has been since May 7. There were 3 loads changing hand...