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Plant-Based Alternatives Look to Improve Taste, Functionality

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Plant-Based Alternatives Look to Improve Taste, Functionality Volume 40 July 17, 2020 Number 27 INSIDE ® 4 GGuestuest CColumn:olumn: AAdamdam BBrockrock Plant-based alternatives look 7 RRetailetail WWATCH:ATCH: MMontchevreontchevre rrollsolls ooutut nnewew to improve taste, functionality fl aavor,vor, iinvitesnvites By Rena Archwamety households where some members eat plant-based lifestyle. The challenge is cconsumersonsumers ttoo meat and dairy and some don’t — who good taste and good function. We can ‘‘TryTry IItt wwithith a MADISON, Wis. — As plant-based are interested in these products. take our technical expertise and apply milk and yogurt alternatives have grown Traditional cheese and dairy com- it against that problem.” LLittleittle GGoat’oat’ in variety and into mainstream markets, panies also are now wading into the Plant-based offerings are growing, non-dairy cheese alternatives remained plant-based sector, serving customers with 58% of the top 100 foodservice 1177 FFrieslandCampinarieslandCampina in mostly natural markets and purchased who have expanded their offerings to chains in the United States offering rrebrandsebrands A DDutchutch by those who could not or chose not to incorporate non-meat and non-dairy plant-based or vegan menu options, ac- consume dairy products. That is chang- alternatives. cording to the 2019 Good Food Institute MMasterpieceasterpiece wwithith ing now, thanks to a range of new prod- Whitehall Specialties, which pro- Restaurant Scorecard. nnewew ppackagingackaging ucts and innovative techniques from both vides processed and analog cheese to Snyder says Whitehall’s NewFields newer specialty brands and established customers across ingredient, foodservice division is partnering with new custom- 2288 OOrnuarnua iinvestsnvests dairy companies. and consumer channels, launched its ers as well as many of its existing clients, “If you went back 3-5 years ago, NewFields plant-based cheese division as there has been a surprising overlap in $$1010 mmillionillion ttoo what you saw was broad distribution in March 2019 and has just introduced those who are interested in both dairy uupgradepgrade ffacilityacility but really a heavy core of vegan con- its new Premier Line that includes Ched- sumers. For traditional consumers, the dar, Mozzarella, American, shredded Turn to NEWFIELDS, page 11 product was very different in taste and Parmesan, grated Parmesan and Blue texture,” says Justin Lambeth, CEO of cheese-style fl avors. Treeline Cheese. “We are innovators in formulat- In the past couple of years the prod- ing processed cheese. As innovators uct quality of plant-based cheeses has in formulating, that spurs innovation dramatically increased, Lambeth says. in plant-based,” says Steve Snyder, Furthermore, there are more “fl exitar- president and CEO, Whitehall Special- ian” consumers — those who are not ties. “We’re serving the same audience vegan but are incorporating more plant- — people who love cheese — but also based foods into their diet, or live in those with a passion for a vegan or CME cheese hits record-high $3 then drops as volatility persists DGAC releases fi nal Dietary By Alyssa Mitchell ers continue to relay demand is strong,” says USDA’s Dairy Guidelines scientifi c report MADISON, Wis. — Price swings Market News. “Curd producers for cheese at the Chicago Mercan- say buyers are very active. Barrel WASHINGTON — USDA this and leveraging their scientific tile Exchange (CME) continued cheesemakers relay similar notes week released the 2020 Dietary advice as we partner with HHS to this week as Cheddar blocks and say supplies are moving.” Guidelines Advisory Committee’s develop the next edition of the Di- reached a new record high of $3 CME Cheddar barrels settled (DGAC) fi nal scientifi c report, an etary Guidelines for Americans.” per pound Monday before drop- at $2.43 per pound today. objective review of the latest avail- USDA and HHS are accepting ping 34 cents this week to settle Brian Fletcher, vice president able science on specifi c nutrition written public comments on the at $2.66 per pound today. of Rice Dairy, Chicago, notes topics. The report’s evidence- committee’s fi nal report through Dairy market analysts took over the course of the last several based fi ndings will inform USDA Aug. 13. The public also will have the run-up in stride, as CME weeks, the block market has been and the U.S. Department of Health an opportunity to provide oral block Cheddar prices have been very tight. and Human Services (HHS) as they comments on the scientifi c report hitting new highs since summer “I do not believe the market co-develop the 2020-2025 Dietary to the departments at a public began. has long-term support in the $3 Guidelines for Americans. meeting Aug. 11. Still, hitting $3 is “defi nitely a or even $2.50 area,” Fletcher says. “Science-based dietary guid- The International Dairy Foods ‘wow’ moment, especially when “I think we are in a period of time ance is critical to ensuring a healthy Association (IDFA) and Na- considering it happened just 61 where supply has contracted and future for America,” says Brandon tional Milk Producers Federation sessions after the market traded at domestic demand from retail and Lipps, USDA food, nutrition and (NMPF) say they are pleased that $1 per pound,” says Phil Plourd, subcategories of foodservice have consumer services deputy under the DGAC’s fi nal report reaffi rms president of Blimling and Associ- preformed very well. If U.S. prices secretary. “USDA greatly appre- dairy’s crucial role in a nutritious ates, Madison, Wisconsin. maintain these price tiers, relative ciates the high-quality work done diet. “It would be surprising to see to the severely discounted global by this committee comprised of “The U.S. dairy industry is pricing persist up here, but demand market, about 7% of U.S. cheese our nation’s leading scientists and pleased to see that the science has strength has consistently surprised production (that is historically dietary experts. We look forward once again affi rmed the unmatched for weeks,” he adds. exported) will need to fi nd a home to thoroughly reviewing the report health and nutrition benefi ts that “Midwestern cheese produc- domestically.” Turn to DGAC , page 14 Turn to PRICES, page 14 2 | CHEESE MARKET NEWS® — July 17, 2020 MARKET INDICATORS Chicago Mercantile Exchange CHEESE FUTURES* for the week ending July 16, 2020 Cash prices for the week ended July 17, 2020 (Listings for each day by month, settling price and open interest) Monday Tuesday Wednesday Thursday Friday July 13 July 14 July 15 July 16 July 17 Fri., July 10 Mon., July 13 Tues., July 14 Wed., July 15 Thurs., July 16 JUL 20 2.566 4,034 2.578 4,036 2.578 4,035 2.574 4,035 2.565 4,036 Cheese Barrels AUG 20 2.461 3,798 2.497 3,842 2.460 3,841 2.385 3,857 2.415 3,882 Price $2.4025 $2.4200 $2.4200 $2.4175 $2.4300 SEP 20 2.167 3,035 2.205 3,053 2.162 3,060 2.087 3,128 2.133 3,131 Change +6 1/4 +1 3/4 NC -1/4 +1 1/4 OCT 20 1.969 2,549 1.999 2,580 1.955 2,601 1.901 2,612 1.950 2,619 NOV 20 1.872 2,590 1.891 2,590 1.860 2,606 1.814 2,617 1.848 2,621 Cheese 40-lb. Blocks DEC 20 1.771 2,409 1.791 2,413 1.774 2,407 1.751 2,425 1.771 2,423 $2.9900 $2.8000 JAN 21 1.731 1,157 1.735 1,157 1.733 1,161 1.720 1,188 1.720 1,188 Price $3.0000 $2.7100 $2.6600 FEB 21 1.723 740 1.731 740 1.728 757 1.728 806 1.728 806 Change +8 1/2 -1 -19 -9 -5 MAR 21 1.726 703 1.732 703 1.732 730 1.736 783 1.736 783 APR 21 1.725 403 1.732 403 1.730 408 1.734 456 1.734 456 Weekly average (July 13-17): Barrels: $2.4180(+.0420); 40-lb. Blocks: $2.8320(+.0535). Total Contracts Traded/ Weekly ave. one year ago (July 15-19, 2019): Barrels: $1.7005; 40-lb. Blocks: $1.7745. Open Interest 933/22,339 285/22,453 443/22,567 821/22,925 300/22,970 Grade A NDM Price $1.0150 $1.0150 $1.0100 $1.0000 $1.0000 CHEESE BLOCK FUTURES* NC NC -1/2 -1 NC Change Fri., July 10 Mon., July 13 Tues., July 14 Wed., July 15 Thurs., July 16 Weekly average (July 13-17): Grade A: $1.0080(-.0170). JUL 20 2.682 68 2.697 68 2.697 68 2.697 68 2.694 68 AUG 20 2.585 53 2.585 54 2.632 51 2.557 51 2.462 51 SEP 20 2.236 23 2.300 23 2.300 23 2.225 23 2.225 23 Grade AA Butter OCT 21 1.951 25 2.043 25 2.043 25 2.043 25 2.043 24 Price $1.7275 $1.7450 $1.6925 $1.6900 $1.6900 NOV 20 1.902 15 2.000 18 2.000 18 1.949 18 1.949 18 +3 3/4 +1 3/4 -5 1/4 -1/4 NC Change Total Contracts Traded/ Weekly average (July 13-17): Grade AA: $1.7090(-.0005). Open Interest 8/199 9/203 10/200 0/200 3/199 Daily market prices are available by visiting CME’s online statistics sites at http://www.cmegroup.com. *Total Contracts Traded/Open Interest reflect additional months not included in this chart. Extra Grade Whey Price $0.3175 $0.3200 $0.3200 $0.3325 $0.3350 Change +3 +1/4 NC +1 1/4 +1/4 DRY WHEY FUTURES for the week ended July 16, 2020 Weekly average (July 13-17): Extra Grade: $0.3250(+.0325).
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