MD_DA210 DA MD DA210 Fluid Milk and Cream Review - East MADISON, WI. June 24, 2015 (REPORT 25) 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 - 2.4674-2.6572 PRICES OF CONDENSED SKIM, DOLLARS PER LB. SOLIDS, F.O.B. PRODUCING PLANTS: Northeast - Class II - includes monthly formula prices - .75-.95 Northeast - Class III - spot prices - .85-.95 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 40 0 70 0 105 SOUTHEAST STATES 0 0 0 0 0 0 Milk production continues to be strong in the Northeast and Mid-Atlantic regions. Most manufacturing plants are running at or near capacity levels. It is hoped that the current spell of warm weather will reduce manufacturing milk supplies and allow plants to catch up on maintenance projects. Class I demand is steady to weak. Southeast milk production is declining rapidly as prolonged hot, humid weather has taken its toll on cow comfort levels. Class I demand has increased ahead of next week's holiday. Loads going to manufacturing plants have decreased significantly this week. There continues to be heat related issues and load rejections occurring with tanker transports. This week, no f.o.b. milk shipments are reported. The hot weather pattern has also lowered milk production in Florida and there is no relief in the forecast. Class I demand saw some marginal increase. Export milk shipments declined this week, totaling 40 loads, 30 truckloads fewer than last week. The expectation is for no loads to be shipped out of state next week. According to the DMN National Retail Report-Dairy, for June 19- 25, the U.S. weighted average advertised price for a gallon of milk was $2.52, down 68 cents from last year and 11 cents lower compared to last week. Cream demand has increased throughout the week. Multiples for all Classes range 1.30-1.40. Very strong pulls on cream from ice cream and ice cream mix manufacturers ahead of the July 4th holiday are the primary contributing factors to the multiple increases. Condensed skim is readily available with loads being discounted significantly in order to lessen the strain on manufacturing facilities. In order to finalize sales for discounted loads, pricing needs to be comparable to NDM pricing. Condensed skim volumes moving through Class IV production remains strong. 1300C rick.whipp@ams.usda.gov & Daniel.Johnson@ams.usda.gov 608.557.7006 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