MD_DA210 DA MD DA210 Fluid Milk and Cream Review - East MADISON, WI. March 04, 2015 (REPORT 9) EAST FLUID MILK AND CREAM REVIEW FLUID CREAM AND CONDENSED SKIM PRICES IN TANKLOT QUANTITIES: SPOT PRICES OF CLASS II CREAM, DOLLARS PER LB. BUTTERFAT: F.O.B. producing plants: Northeast - 1.8769-2.0430 PRICES OF CONDENSED SKIM, DOLLARS PER LB. SOLIDS, F.O.B. PRODUCING PLANTS: Northeast - Class II - includes monthly formula prices - 1.02-1.10 Northeast - Class III - spot prices - 1.05-1.25 SPOT SHIPMENTS OF GRADE A MILK INTO OR OUT OF FLORIDA AND OTHER SOUTHEASTERN STATES THIS WEEK LAST WEEK LAST YEAR IN OUT IN OUT IN OUT FLORIDA 43 0 0 0 0 70 SOUTHEAST STATES 0 0 0 0 0 0 Farm-level milk production is steady in the Northeast region. Processors' milk supplies are sufficient. Class I demand is at seasonal levels. Mid- Atlantic milk production is seasonally active. Manufacturing supplies are adequate, although some managers are experiencing lower than expected milk intakes. Bottling orders are steady. The Southeast's milk output is steady to incrementally higher. Add-on milk loads are clearing to bottling as orders increase with forecasts of a new winter storm moving toward the area. Retail stores are preparing for yet another run on fluids by consumers. Anticipated closings of schools could potentially balance increases in Class I consumer outlet sales. Florida's milk production has been on the rise; however, warmer temperatures are expected to slow production slightly. Statewide, temperatures are 32 degrees at night to 87 degrees during the day. Bottling orders are steady. Surplus milk supplies prompted 43 spot shipments exported this week. According to the NASS Crop Progress & Condition Report, for February 23- March 1, winter pasture growth in the panhandle is vulnerable to cold, overcast conditions. According to the DMN National Retail Report-Dairy, for February 27- March 05, the U.S. weighted average advertised price for a gallon of milk was $3.27, an increase of $0.56 compared to one week ago. Cream supplies are less available in comparison to last week. Buyers are increasingly looking for loads to fill holiday needs. Prices have firmed slightly in the East. Buyers/sellers expect multipliers to move higher as the market advances into the holiday season. The market undertone imparts uncertainty, as some contacts allude to doubt concerning where the market is headed, as butter prices fluctuate. Cream multiples for all Classes range 1.13-1.23. Contracted orders are being filled to Class II production, with noted Class III spot interest. At the CME Group, Grade AA butter closed Wednesday at $1.7500, up $0.1075 from a week ago. Condensed skim is available. Transactions are fairly quiet in the spot market. Drying remains active, as manufacturers' condensed skim supplies clear to nonfat dry milk processing. 1300C Daniel.Johnson@ams.usda.gov 608.278.415 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