MD_DA210 DA MD DA210 Fluid Milk and Cream Review - East MADISON, WI. May 04, 2016 (REPORT 18) 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 - 2.1609-2.6342 PRICES OF CONDENSED SKIM, DOLLARS PER LB. SOLIDS, F.O.B. PRODUCING PLANTS: Northeast - Class II - includes monthly formula prices - .27-.73 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 0 180 0 180 0 100 SOUTHEAST STATES 0 0 0 0 0 30 Milk volumes into manufacturing are heavy, but not overly excessive in the Northeast and Mid-Atlantic regions. Class I demand is steady with last week. Sales to Class II and I are showing a slight uptick. Southeast farm-level milk output is mostly steady. Class I plants in some instances are adding to orders, with very few cancellations noted this week. Milk loads are being redistributed to accommodate unexpected demand. Haulers report load sizes are dropping slightly due to constant rainfall in areas of the region. Florida's milk production is lower. Sources note a projected May peak in milk output has likely already occurred, as output trends lower. Class I milk sales are flat. Temperatures remain above normal, with mid-week thunder storms expected. Export milk shipments to cheese and ultrafiltration plants total 180 loads, unchanged from last week. According to the DMN National Retail Report-Dairy, for April 29-May 5, 2016, the U.S. weighted average advertised price for a gallon of milk was $2.12, down 23 cents from last week and down 56 cents from a year ago. Northeast gallons of milk are priced at $2.50, up 51 cents from last week. Condensed skim volumes are heavy in manufacturing. However, some plant managers are finding a little relief as supplies clearing to Class II and Class III improve. Some Eastern suppliers are competing with discounted condensed skim moving into the region. Cream multiples for all Classes range 1.05-1.28. Manufacturers in the region note heavy milk production is lending to readily available cream volumes. Cream continues to exceed demand as suppliers endeavor to find homes for surpluses outside the East market region. Several reports suggest the discarding of cream in some areas of the country. The CME Group, Grade AA butter price closed at $2.0300 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