The fluid cream market is firmer this week

The fluid cream market is firmer this week

 

The fluid cream market is firmer this week
(© Flickr Creative Commons Jiyoon Lee)

MD_DA210
DA
MD DA210 Fluid Milk and Cream Review – East

MADISON, WI. June 14, 2017 (REPORT 24)

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 – 3.0360-3.3346

PRICES OF CONDENSED SKIM, DOLLARS PER LB. SOLIDS, F.O.B. PRODUCING
PLANTS:
Northeast – Class II – includes monthly formula prices – .20-.70
Northeast – Class III – spot prices – .20-.75

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 0 142 0 219 0 125
SOUTHEAST STATES 0 0 0 0 0 0

Milk production is steady to lower in areas of the East. The flush
appears to have been reached in New England and the Mid-Atlantic,
however, variable rain and cool weather keeps milk output steady. In
those areas where cows are on grass, milk production varies. Some
pastures are too wet for use. Bottled milk sales are flat. Surplus
milk diversions are steady in the Northeast and handled without too
much difficulty. Production ticks downward in both the Southeast and
Florida. Most schools have closed. This has continued to push loads
into other milk processing channels and moved loads out of state.
Handlers point out that milk export shipments from Florida reached 142
loads this week. The fluid cream market is firmer this week. Contacts
report increased inquiries for cream. Producers and traders alike, are
unsure as to why there is not nearly as much cream available, but
supplies are tighter with higher multiples. Most trading typically
occurs between 1.25 to 1.30 multiples, while the range extends 1.22-
1.34. Class II, ice cream sales are good. Cream cheese processing is
steady, but fewer spot loads cleared to production this week.
Condensed skim markets are steady with heavy supply availability.
Producers would like to see improved demand to keep from drying as
much, while spot markets saw slightly higher activity this week.
According to the DMN National Retail Report-Dairy, for June 9-15,
2017, the U.S. weighted average advertised price for a gallon of milk
is $2.52, down 82 cents compared to last week, but up 20 cents from a
year ago.

1330CT [email protected] 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

 

Source: The fluid cream market is firmer this week. Contacts report increased inquiries for cream http://bit.ly/1PF1dUS

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