MD_DA210 DA MD DA210 Fluid Milk and Cream Review - East MADISON, WI. November 24, 2015 (REPORT 47) 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 - 3.5197-3.9236 PRICES OF CONDENSED SKIM, DOLLARS PER LB. SOLIDS, F.O.B. PRODUCING PLANTS: Northeast - Class II - includes monthly formula prices - .90-.93 Northeast - Class III - spot prices - .76-.79 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 170 0 123 0 105 0 SOUTHEAST STATES 0 0 0 0 0 0 Fluid milk needs remain active as bottlers added to early-week orders. The market anticipates declines in Class I lunch needs, as most schools close at mid-week for the Thanksgiving holiday break. In the Northeast and Mid- Atlantic regions, manufacturing milk supplies are steady to higher. Balancing milk intakes show a noticeable increase, with reports of added volumes over the weekend into the beginning of the week. Milk production levels in the Southeast are mostly unchanged. Loads are being rerouted to secondary plants, as several bottlers are shut down. Florida's seasonal temperatures cooled, but are expected back in the 80s by the weekend, as production trends upward. Thanksgiving fluid milk sales remain strong. Spot milk imports are at 170 f.o.b loads, 47 above last week. According to the DMN National Retail Report-Dairy, from November 20-26, 2015, the U.S. weighted average advertised price for a gallon of milk was $2.72, a decline of 83 cents from a year ago, but an increase of 27 cents from last week. The condensed skim market demand is sluggish, due to scheduled shutdowns of plants for the Thanksgiving Day holiday. As a result, dryers for some balancing plants will likely run at capacity, adding to NDM inventories. Cream multiples range 1.22-1.36. The expectation is that multiples will move slightly lower at the end of the week, but rebound with next week's full production schedules. Cream supplies are currently readily available. At the CME Group, Grade AA butter closed at $2.9000 on Tuesday, up $0.0150 from last Tuesday. MILK PRODUCTION: According to NASS, milk production in the 23 major states during October 2015 totaled 16.0 billion pounds, up 0.1% from one year ago. Eastern states' milk production are as follows: October 2015 Milk Production, (USDA-NASS) (Million Lb.) % Change From 1 Year Ago Florida 187 + 3.3 New York 1,184 + 2.4 Pennsylvania 875 - 1.7 Vermont 219 - 1.4 Virginia 143 - 1.4 1430CT 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