MD_DA230                                                              
DA                                                                    
MD DA230   Fluid Milk and Cream Review - Central                      

MADISON, WI.  June 4, 2015 (REPORT 22)                              

SPOT PRICES OF CLASS II CREAM, $ PER POUND BUTTERFAT                  
F.O.B. producing plants:   Upper Midwest -   $ $2.2560-2.4855

Milk production is steady this week, but there is a surplus in supply. 
Some contacts report milk that is not able to be processed throughout 
the region.  Bottling demand is decreasing as more educational 
institutions let out for the summer. Some sources indicate that as 
tourism is starts to pick up, some of that milk will clear there. Spot 
milk loads are available at $3-5 under Class, with limited reports 
showing as less as $1 under and as much as $10 under. Class II sales 
are picking up as the demand for ice cream and whipped toppings 
increases. Cream multiples are steady to higher this week, ranging 
from 1.18 to 1.30. Cream supplies are tighter this week as ice cream 
manufacturers are in full production. The DMN monthly average of the 
range price series for Upper Midwest Class II cream during May was 
$2.3302, compared to $2.7396 a year ago. The NASS Dairy Products 
Report noted April U.S. regular (hard) ice cream production totaled 
66.9 million gallons, down 5.1% from last year. January-April U.S. 
production totals 251.9 million gallons, 0.2% down from 2014 during 
the same time span. April production in the Central region totaled 
36.3 million gallons, 9.9% less than a year ago. The DMN National 
Retail Report-Dairy for the week of May 29-June 4, noted the national 
weighted average advertised price for one gallon of milk was $2.53, 
down $0.20 from a week ago and down $0.40 from a year ago. The 
weighted average price in the Midwest region was $2.33, 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 May 16, at 
51,600 head, 3,400 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