MD_DA230                                                              
DA                                                                    
MD DA230   Fluid Milk and Cream Review - Central                      

MADISON, WI.  June 18, 2015 (REPORT 24)                              

SPOT PRICES OF CLASS II CREAM, $ PER POUND BUTTERFAT                  
F.O.B. producing plants:   Upper Midwest -   $2.2845-2.5279


Fluid milk production rates are steady to increasing. Some processors 
believe that trend will continue through the 4th of July holiday. 
There is an abundance of milk and manufacturers are making any product 
they can that has availabilities in production schedules. Spot loads 
of milk are being sold at $3-5 under Class. With most educational 
facilities out for summer break, bottling demand is down. Summer 
parties have Class II demand increasing for high fat products, such as 
dips, sour cream and ice cream. Cream multiples are steady to higher 
this week, ranging from 1.22 to 1.35. Cream availability is tight. 
Spot availability is limited as most surplus supplies are going into 
contract sales. Most manufactures believe that multiples will continue 
to move higher as ice cream manufacturers continue to pull heavy. The 
DMN National Retail Report-Dairy for the week of June 12-18, noted the 
national weighted average advertised price for one gallon of milk was 
$2.63, up $0.36 from a week ago but down $0.57 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 May 30, at 
46,500 head, 3,800 head more than the comparable week a year ago. The 
NASS Crop Progress Report noted soybean acres planted in the 18 selected 
states as of June 14 are at 87%, compared to the 5-year average of 90%.  





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