MD_DA210 DA MD DA210 Fluid Milk and Cream Review - East MADISON, WI. April 22, 2015 (REPORT 16) 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 - 2.0051-2.2003 PRICES OF CONDENSED SKIM, DOLLARS PER LB. SOLIDS, F.O.B. PRODUCING PLANTS: Northeast - Class II - includes monthly formula prices - .90-1.05 Northeast - Class III - spot prices - 1.00-1.09 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 0 100 0 100 0 100 SOUTHEAST STATES 0 0 0 0 0 0 Northeast milk production is climbing. Sales into the fluid market are steady. Strong milk production in the Mid-Atlantic region is continuing. Fluid orders are level. Milk production continues to expand in the Southeast. Manufacturing plants are reportedly filled to capacity. Bottling orders are down with declines in Class I transactions. Florida's milk production is steady. According to the DMN National Retail Report- Dairy, for April 17-23, the U.S. weighted average advertised price for a gallon of milk was $2.85, a $0.30 decline compared to last year, but a $0.05 increase from last week. Cream multiples for all Classes ranged 1.13-1.24. Supplies are readily available, with active trading in some areas of region. Sales of most Class II cream based dairy products are seasonally moderate. Some Eastern market participants are apprehensive of the recent listeria outbreak outside of the region. Questions revolve around the impact it may bear on the overall cream market, as an ice cream brand is currently being pulled from shelves. At the CME Group, Grade AA butter closed Wednesday at $1.8300, up $0.0600 from a week ago. Demand for condensed skim is level. Some spot loads of condensed are clearing to committed customers at discounts less than normal contract prices. Substantial supplies are clearing into Class IV processing as dryers run at/near capacity. MILK PRODUCTION: According to NASS, milk production in the 23 major states during March 2015 totaled 16.9 billion pounds, up 1.1% from one year ago. Eastern states' milk production are as follows: March 2015 Milk Production, (USDA-NASS) (Million Lb.) % Change From 1 Year Ago Florida 246 + 3.8 New York 1,172 + 1.1 Pennsylvania 941 + 1.3 Vermont 227 NC Virginia 157 + 0.6 1300C Daniel.Johnson@ams.usda.gov 608.577.7006 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