MD_DA230                                                              
DA                                                                    
MD DA230   Fluid Milk and Cream Review - Central                      

MADISON, WI.  July 23, 2015 (REPORT 29)                               

SPOT PRICES OF CLASS II CREAM, $ PER POUND BUTTERFAT                  
F.O.B. producing plants:   Upper Midwest -   $2.6159-2.9896


The hot weather in the Midwest has slowed milk production. There were 
fewer spot loads available, with most selling at $1-2 under Class. 
Bottlers are anxious for educational institutions to open again to 
hopefully aid in picking up demand. Class II demand is steady for 
cream-type products. Multiples are higher, ranging from 1.40 to 1.60. 
Cream supplies are tight as most ice cream processors are using most 
available cream. Ice cream demand has started to taper. The DMN 
National Retail Report-Dairy for the week of July 17-23, noted the 
national weighted average advertised price for one gallon of milk was 
$2.98, up $0.17 from a week ago but down $0.06 from a year ago. The 
weighted average price in the Midwest region was $2.27, with a range 
of $1.99-3.00. The NASS Milk Production report noted June milk 
production in the 23 selected states was 16.4 billion pounds, 0.7% 
above a year ago. The following shows Central states included in the 
report and the changes compared to a year ago: Illinois, +2.6%; 
Indiana, +2.7%; Iowa, +5.2%; Kansas, +0.8%; Michigan, +7.2%; 
Minnesota, +4.2%; Ohio, -0.7%; South Dakota, +12.0%; Texas, -2.1% and 
Wisconsin, +3.4%. Milk cows in the 23 selected states totaled 8.628 
million head in June,  56,000 head more than a year ago. The weekly 
Cow Slaughter under Federal Inspection report shows U.S. dairy cow 
slaughter for the week ending July 4, at 48,500 head, 6,900 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