MD_DA210 DA MD DA210 Fluid Milk and Cream Review - East MADISON, WI. April 13, 2016 (REPORT 15) 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 - 2.1509-2.3558 PRICES OF CONDENSED SKIM, DOLLARS PER LB. SOLIDS, F.O.B. PRODUCING PLANTS: Northeast - Class II - includes monthly formula prices - .30-.80 Northeast - Class III - spot prices - .20-.73 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 0 130 0 140 0 100 SOUTHEAST STATES 0 0 0 0 0 0 The spring flush is adding to farm milk output in both the Northeast and Mid-Atlantic regions. Bottling demand is mixed, while steady to lower. Manufacturers are working full schedule to maximize production as milk supply volumes increase. Southeast milk output is seasonally strong. A plant that had been down is now running. As such, milk handlers have been able to resolve previous distribution issues. In general, Class I sales are steady to higher as bottlers in some areas add to orders. Florida's farm production is up slightly. NASS reports indicate dryer conditions and warmer temperatures effect good cow comfort in the state. Forage growth and pasture quality is mostly fair to good in several counties. Sources expect peak levels to begin a gradual decline. Bottling sales are down, with weaker tourism noted. Milk exports shipments totaled 130 loads this week. According to the DMN National Retail Report-Dairy, for April 8-14, 2016, the U.S. weighted average advertised price for a gallon of milk was $2.42, down 34 cents from last week and down 38 cents from a year ago. Condensed skim supplies are more than adequate. Spot transactions remain limited. Heavy volumes continue to clear to Class IV low heat nonfat dry milk production. Suppliers are more likely to dry surplus volumes rather than trade at a substantial discount. Cream multiples for all Classes range 1.05-1.15 this week. The cream supply surpasses demand prompting a steady to lower multiple. Brokers faced some struggles moving cream. Spot trading was more favorable to other regions, with most transactions occurring at the bottom of the range. Cream cheese production is fairly active. The CME Group, Grade AA butter price closed at $2.07 on Wednesday, down 1 cent from a week ago. 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