MD_DA210 DA MD DA210 Fluid Milk and Cream Review - East MADISON, WI. September 06, 2017 (REPORT 36) 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 - 3.3101-3.5411 PRICES OF CONDENSED SKIM, DOLLARS PER LB. SOLIDS, F.O.B. PRODUCING PLANTS: Northeast - Class II - includes monthly formula prices - .60-.81 Northeast - Class III - spot prices - .59-.84 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 120 0 80 0 55 0 SOUTHEAST STATES 0 0 0 0 0 0 Northeast and Mid-Atlantic milk production are seeing slight declines along seasonal trends. Class I milk supply and demand is mostly in balance. Limited manufacturing milk supplies offer some the chance to complete maintenance projects. Milk production in the Southeast is mostly steady, with increases in some areas. Fluid milk supplies remain short with the jump in bottle demand from schools reopening. Milk loads continue to be transported in from other areas of the country. Florida still see declines in milk production in some parts of the state. Milk import shipments jumped to 120 f.o.b. spot loads this week ahead of the hurricane. Sales are up, but many schools are likely to close, offsetting the spike in orders. Several plants in the Florida market will be closing for one or two days this weekend, this will in turn increase manufacturing milk supplies substantially. Supplies of condensed skim are sufficient for near term customer needs, as condensed skim interest holds steady. The DMN August 2017 monthly average for Northeast Class II condensed skim was $0.6215, compared to $0.7683 a year ago. While additional loads were available during the holiday, the fluid cream market is mostly steady. Cream multiples changed little from the previous week, as cream loads traded in the 1.29-1.38 range. Ice cream demand is slowing as sales post declines for some manufacturers. Several bottling plants in the Florida market will close for a few days this weekend. The DMN August 2017 monthly average for Northeast Class II cream was $3.5300, compared to $2.9757 a year ago. According to the DMN National Retail Report-Dairy, for September 1-7, 2017, the U.S. weighted average advertised price for a gallon of milk was $2.60, up 24 cents compared to last week, but down 20 cents from a year ago. With the Announcement of August 2017 Class and Component Prices, the Class III prices rose $1.12 per hundredweight compared to the previous month. DAIRY PRODUCTS: According to NASS, July 2017 hard ice cream production in the Atlantic region totaled 16.1 million gallons, 5.7 percent less than a year ago and 4.0 percent below last month. Cumulative 2017 production through July totaled 479.8 million gallons, 1.8 percent less than the last year's total through the same month. U.S. Yogurt production (plain and flavored) for July 2017 totaled 341.3 million pounds, down 0.1 percent from last year and down 7.7 percent the previous month. 1300CT Daniel.Johnson@ams.usda.gov 608.422.8605 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