MD_DA210 DA MD DA210 Fluid Milk and Cream Review - East MADISON, WI. December 21, 2016 (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 - 2.3117-2.7391 PRICES OF CONDENSED SKIM, DOLLARS PER LB. SOLIDS, F.O.B. PRODUCING PLANTS: Northeast - Class II - includes monthly formula prices - .70-1.01 Northeast - Class III - spot prices - .80-1.08 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 70 0 25 0 60 SOUTHEAST STATES 0 0 0 0 0 0 Milk production is increasing in more areas of the East. Bottling plant schedules are being reduced accordingly as retail sales fail to offset the impact of schools closing for the holiday period. In New England, milk production is steady to slightly heavier. Further south in the Mid-Atlantic, milk output is increasing along normal patterns, with volumes advancing marginally in some areas. Farm milk production in the Southeastern states is marginally higher. According to FMMA Order #7, the uniform price in Fulton County, GA, for November 2016 was $18.02 per hundredweight, $0.70 lower than last month and $2.19 lower than the previous year. Class I utilization was 78.81 percent during November, an increase of 4.52 percent compared to last month and 0.19 percent higher compared to November 2015. As warmer weather prevails, Florida's milk production is slightly lower. Class I sales are steady to lower. Milk export shipments grew to 70 loads this week. According to FMMA Order #6, the uniform price in Hillsborough County, FL, for November was $19.43 per hundredweight, a $0.96 decline over last month, but down $2.16 from the previous year. Class I utilization was 83.15 percent during November, a rise of 0.06 percent compared to last month and a 0.73 percent drop compared to November 2015. The fluid cream market is weaker. Spot prices are mixed, with multiples ranging 1.10-1.30. Demand was fairly good over the weekend, but has slowed as the week progressed. Cream availability is ample. At the CME Group, Grade AA butter closed Wednesday at $2.2050, up $0.1200 from a week ago. The condensed skim market is steady to weaker. Offering are more than ample for slower spot demand. Prices are unchanged this week, but contacts report that offers at distressed pricing are being discussed for the holiday weekend. According to the DMN National Retail Report-Dairy, for December 16-22, 2016, the U.S. weighted average advertised price for a gallon of milk was $2.92, up 57 cents compared to last week and up 20 cents from last year. The Northeast weighted average price for a gallon of milk was $2.99, 7 cents above the national average and up 33 cents up from last week. MILK PRODUCTION: According to NASS, milk production in the 23 major states during November 2016 totaled 16.1 billion pounds, up 2.6% from a year ago. Eastern states' milk production are as follows: November Milk Production, (USDA-NASS) (Million Lb.) % Change From 1 Year Ago Florida 184 - 3.7 New York 1,197 + 4.4 Pennsylvania 877 + 2.5 Vermont 219 + 1.9 Virginia 136 - 2.2 1300CT daniel.johnsohn@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