MD_DA210 DA MD DA210 Fluid Milk and Cream Review - East MADISON, WI. December 23, 2015 (REPORT 51) 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 - 1.8000-2.5862 PRICES OF CONDENSED SKIM, DOLLARS PER LB. SOLIDS, F.O.B. PRODUCING PLANTS: Northeast - Class II - includes monthly formula prices - .60-.80 Northeast - Class III - spot prices - .40-.53 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 60 0 10 0 0 SOUTHEAST STATES 0 0 0 0 0 0 Milk production in the Northeast and Mid-Atlantic regions is mostly flat, although output tends to be somewhat higher in New York. With declines in bottling orders and shifting of milk to processing, capacity production is likely for both churns and dryers over the course of the holiday week. Milk production in the Southeast is level. Multiple supporting plants are taking in surplus milk, as bottlers shrink orders. Florida milk production is up slightly over last week. The rise has led to an increase in export milk shipments, from 10 spot loads last week to 60 this week. Bottling sales are fairly flat, while stronger at some plants than others. Class I plant closures are expected on Christmas day. According to the DMN National Retail Report-Dairy, from December 18-24, 2015, the U.S. weighted average advertised price for a gallon of milk was $2.72, down 68 cents from a year ago, but up 8 cents from last week. Condensed skim markets continue to exhibit little spot movement. Loads are being discounted, with prices lower for both Class II and Class III. Heavy volumes of condensed skim are being cleared to nonfat dry milk processing. Cream multiples are ranging .90-1.25. Sales are fairly active in the Class III spot market. However, this holiday week, regional sellers have been challenged to find takers for spot cream. As a result, loads are clearing to other areas while trading at the low end of the range. Heavy cream supplies will linger into next week, as some cream processing plants will remain closed until the New Year. At the CME Group, Grade AA butter closed Wednesday at $2.0425, down $0.0350 from last Wednesday. MILK PRODUCTION: According to NASS, milk production in the 23 major states during November 2015 totaled 15.6 billion pounds, up 0.3% from one year ago. Eastern states' milk production are as follows: November 2015 Milk Production, (USDA-NASS) (Million Lb.) % Change From 1 Year Ago Florida 193 + 2.1 New York 1,147 + 3.3 Pennsylvania 856 ... Vermont 215 ... Virginia 140 - 2.1 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