MD_DA230                                                              
DA                                                                    
MD DA230   Fluid Milk and Cream Review - Central                      

MADISON, WI.  October 5, 2017 (REPORT 40)                            

Central region milk yields are slightly down, as upper Midwest temperatures 
have been uncharacteristically warm this late into the year. Many intake 
facilities in search of spot milk have reported that it is becoming more 
difficult to find. Bottling sales are steady. Some cheesemakers report that 
bottlers have not cut into their milk supply, which is atypical of the early 
fall. However, a number of cheesemakers point out that refilling the Southern 
pipelines following the storms has pulled from their milk supplies. Class III 
spot milk intakes were reported from flat to $2 over Class. Cream remains 
available for various uses. Cream multiples were reported from 1.23 to 1.30 
f.o.b. Ice cream manufacturing has eased, but contacts suggest the phasedown is 
not as prompt as expected. The DMN National Retail Report-Dairy for September 
20-October 5 noted the national weighted average advertised price for one 
gallon of milk was $2.66, up 12 cents from last week, but 82 cents lower than a 
year ago. The weighted average regional prices in the Midwest and South Central 
were $1.96 and $2.46, respectively. The DMN monthly average of the range price 
series for Upper Midwest Class II cream during September 2017 was $3.1132, 
compared to $2.4965 a year ago.  

SPOT PRICES OF CLASS II CREAM, $ PER POUND BUTTERFAT                  
F.O.B. producing plants:   Upper Midwest -   $2.9422-3.1096           

         
1100CT Israel.weber@ams.usda.gov (608)422-8601
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews