MD_DA230 DA MD DA230 Fluid Milk and Cream Review - Central MADISON, WI. July 16, 2015 (REPORT 28) SPOT PRICES OF CLASS II CREAM, $ PER POUND BUTTERFAT F.O.B. producing plants: Upper Midwest - $2.5012-2.8860 Milk production is plateauing as the warmer weather sets in. There are processors noting that there is still available milk, which is mainly selling for $1-2 under Class, with some going as low as $5 under. Some manufacturers are looking for the heat to continue to give them a more favorable production schedule. Manufacturers are anxious for schools to start, so bottling demand will increase. Other bottlers are saying they have seen some upticks in tourist demand for fluid milk. Storms in the Midwest left some processing plants without power this week but these operators were able to process the milk before it spoiled. Class II demand is strong. Ice cream orders are starting to decline seasonally but production is still strong. Multiples are steady to lower, ranging from 1.30 to 1.50. Cream supplies are tight. Some processors are reporting that they are keeping available cream supplies. The DMN National Retail Report-Dairy for the week of July 10-16, noted the national weighted average advertised price for one gallon of milk was $2.81, up $0.72 from a week ago but down $0.23 from a year ago. The weighted average price in the Midwest region was $2.47, 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 June 27, at 50,500 head, 2,800 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