MD_DA230 DA MD DA230 Fluid Milk and Cream Review - Central MADISON, WI. June 30, 2016 (REPORT 26) SPOT PRICES OF CLASS II CREAM, $ PER POUND BUTTERFAT F.O.B. producing plants: Upper Midwest - $2.7353-3.0654 Several milk processors report noticeable decreases in milk intakes this week. However, industry contacts feel farm level milk production in the Central region continues to be strong. Spot loads are available and are reported at flat to $3.00 under class. Market participants anticipate discounts on spot loads to lessen after the holiday weekend. Bottling demand is steady into food service and retail outlets. Industry contacts report a few butter plant shut downs this week for maintenance. These shut downs have allowed other buyers interested in cream to take in additional loads. Market participants anticipate more cream spot load availability at the end of the week with the upcoming holiday weekend. Overall, industry contacts report more readily available cream this week when compared to last. Ice cream and frozen dessert manufacturers are capitalizing on cream availability and report running full schedules. Cream multiples are lower this week, 1.16 to 1.30. The DMN National Retail Report- Dairy for June 24-30 noted the national weighted average advertised price for one gallon of milk was $2.20, down $0.31 from a week ago, and $0.18 lower than a year ago. The weighted average regional prices in the Midwest and South Central were $1.71 and $1.99, respectively. Several areas in the Central region are facing abnormally dry conditions. However, few areas of the region were reported having moderate to severely dry topsoil moisture. Corn and soybeans are beginning to canopy in the North Central area. 1100CT Amy.L.Schmitz@ams.usda.gov 608.557.7004 USDA/AMS/Dairy Market News, Madison, Wisconsin Dairy Market News website: http://www.ams.usda.gov/market-news/dairy Dairy Market News database portal: http://www.marketnews.usda.gov/mnp/da- home