MD_DA230                                                              
DA                                                                    
MD DA230   Fluid Milk and Cream Review - Central                      

MADISON, WI.  May 14, 2015 (REPORT 19)                              

SPOT PRICES OF CLASS II CREAM, $ PER POUND BUTTERFAT                  
F.O.B. producing plants:   Upper Midwest -   $2.2692-2.3827

Central fluid milk production is up as the spring flush has arrived. 
Some sources say there is too much milk and it may not find a home 
this week. Trucking continues to be an issue as haulers are having to 
empty more often and unloading sites are getting backed up. Bottling 
demand is decreasing as educational institutions are getting out for 
the summer. Class II demand is losing momentum as sources believe end 
users purchased adequate supplies at optimum pricing levels. Class III 
pricing is uncertain. Some suppliers have goods to move and are 
offering a discounted rate, while others are choosing not to be 
competitive with rates.  Cream multiples are higher this week, ranging 
from 1.20 to 1.26. Cream supplies are mixed. Most sources say cream is 
plentiful, but some have reported tightness as ice cream and butter 
producers continue to pull heavy. There have also been reports that 
cream is finding its way to the Midwest from the Eastern region. 
The DMN National Retail Report-Dairy for the week of May 8-14, noted 
the national weighted average advertised price for one gallon of milk 
was $2.62, down $0.06 from a week ago and $0.31 from a year ago. The 
weighted average price in the Midwest region was $2.40, with a range 
of $1.99-2.99. The weekly Cow Slaughter under Federal Inspection 
report shows U.S. dairy cow slaughter for the week ending April 25, at 
55,900 head, 7,000 head more than the comparable week a year ago.  


1100CT Tara.Herbst@ams.usda.gov 608-557-7007 
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: 
http://www.marketnews.usda.gov/mnp/da-home