MD_DA210 DA MD DA210 Fluid Milk and Cream Review - East MADISON, WI. April 06, 2016 (REPORT 14) 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 - 2.0459-2.3382 PRICES OF CONDENSED SKIM, DOLLARS PER LB. SOLIDS, F.O.B. PRODUCING PLANTS: Northeast - Class II - includes monthly formula prices - .20-.65 Northeast - Class III - spot prices - .15-.69 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 0 140 0 170 0 130 SOUTHEAST STATES 0 0 0 0 0 0 As temperatures and weather conditions vary in the Northeast and Mid- Atlantic regions, milk production is reported steady to increasing. Milk production in the Southeast is seeing seasonal gains, with noted increases in plant milk intakes. Sources report Florida's milk output is steady, with a slight downturn in some areas of the state. Milk bottling sales advanced slightly this week, resulting in a drop in exports. Shipments totaled 140 this week. According to the DMN National Retail Report-Dairy, for April 1-7, 2016, the U.S. weighted average advertised price for a gallon of milk was $2.76, up 18 cents from last week and up 19 cents from a year ago. Condensed skim is very ample in the East. Regional balancing plants are sending significant volumes to drying. F.O.B. sale transactions are few. Most cash sales that occur usually trade with a considerable discount. The DMN March 2016 Northeast Class II condensed skim price was $0.6746, compared to $1.0452 a year ago. The class III condensed skim price was $0.6461 compared to $1.1841 a year ago. With last Wednesday's announcement of Class and Component Prices, the Class III skim milk price increased per hundredweight. This week, cream multiples range 1.05 to 1.20. A source noted more than one offer to sell at flat market, as regional cream availability is substantial. With wintery conditions in parts of the region, cream suppliers hope for warmer temperatures that potentially spark added sales to ice cream. For butter production, cream usage is very active. The DMN March 2016 monthly average price for Northeast Class II cream was $2.3082, compared to $2.0655 a year ago. At the CME Group, Grade AA butter closed Wednesday at $2.0800, up $0.1250 from a week ago. DAIRY PRODUCTS: According to NASS, production (unadjusted) of hard ice cream in the Atlantic region for February 2016 totaled 13.2 million gallons, 0.1% more than a year ago and 13.4% more than the previous month. U.S. yogurt production (unadjusted) for February 2016 totaled 434.4 million pounds, up 3.1% from a year ago and up 10.0% from the previous month. 1300CT 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