MD_DA210 DA MD DA210 Fluid Milk and Cream Review - East MADISON, WI. October 28, 2015 (REPORT 43) 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 - 3.1318-3.3291 PRICES OF CONDENSED SKIM, DOLLARS PER LB. SOLIDS, F.O.B. PRODUCING PLANTS: Northeast - Class II - includes monthly formula prices - .97-1.00 Northeast - Class III - spot prices - .86-.89 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 120 0 215 0 160 0 SOUTHEAST STATES 0 0 0 0 0 0 Northeast and Mid-Atlantic milk outputs are in the vicinity of seasonal lows. Bottled milk orders are level. Balancing plants report lower intakes this week. Customer shipments are being met without delays. Southeast processors? milk supplies continue to be in balance with demand. Class I pulls remain steady and strong. Balancing plant milk supplies are limited but not beyond fulfilling commitments. Florida?s milk output shows no significant changes this week. Production is expected to climb, as current high temperatures will likely move to seasonal levels in the lower 80?s. Class I demand eased, relatively, the state imported 120 milk shipments, 95 fewer than the previous week. According to the DMN National Retail Report-Dairy, for October 23-29, the U.S. weighted average advertised price for a gallon of milk was $2.60, a decrease of $1.10 from a year ago, but an increase of 15 cents from last week. Condensed skim supplies are mostly adequate for contract needs with few loads available for the spot market. Demand for condensed skim is good as Class II manufacturers expand production ahead of the year-end holidays. Cream multiples held steady this week, ranging 127-135. The low end accounts for weekend deliveries and the high end supports bottling. An uptick in fall holiday orders for cream cheese has led to an increase in manufacturing cream demand. Most cream movement is under contract to end-users. Dairy Market News Reporting Changes Proposal Dairy Market News (DMN) is proposing updating the Dairy Market News Working Guidelines. This proposal is the result of an industry comment period. The updates would allow DMN market reports to additionally include information and sales prices reported by individuals and firms functioning as marketing agents selling on the behalf of dairy product manufacturers. The Working Guidelines updates are intended to capture more information on pricing and market conditions and reflect the evolution of the marketing of dairy products. Currently, market pricing information is collected for first sale, f.o.b. producers? plants or warehouses. The changes would be effective starting with Report 1, January 2016. Comment by October 30, 2015 to: DMN@ams.usda.gov Link to current DMN working guidelines: http://www.ams.usda.gov/market?news/individual?dairy?market?news?commodity?r eports