Fluid Milk and Cream Review - Central
MD_DA230

     Fluid Milk and Cream - Central U.S.

     Report 31 - Released on August 05, 2021

     Milk yields continue their seasonal slide, as farm milk output drops week to week. Milk is
     still available for all uses. School districts' orders in the southern portion of the region
     and East/Southeast have begun to pull fluid milk loads from the Midwest and mid-Atlantic,
     and those pulls are expected to strengthen over the next two weeks. Naturally, cheesemakers
     report spot milk availability has tightened up. Spot loads are still discounted, but offers
     are beginning to be reported at Class and even at premiums to Class III. With the fluid milk
     demands in the Southeast and new cheese plants in the upper Midwest, milk availability is
     showing its first signs of a potentially tightening market. Cream availability is not
     exhibiting the same signals that fluid milk is, at least at this point in the season. Cream
     is available for all uses and butter plant managers report clearing loads at multiples in
     the low 1.20s still. Ice cream manufacturers' demand for cream, according to contacts,
     peaked earlier in the year than normal and has not really bounced back. Although some
     reports of continued dryness in areas of the Central region are indicating less-than-
     excellent corn and bean conditions, some contacts say fields in their respective areas are
     in fine shape this week. Upper Midwestern contacts have said that one field to the next can
     vary widely, particularly regarding cornfields.

     The DMN monthly average of the range price series for Upper Midwest Class II cream during
     July was $2.2554, compared to $2.3705 in June.

     Price Range - Class III Milk; $/CWT; Spot Basis:   -4.00 -  -2.00
     Trade Activity: Moderate


     Midwestern U.S., F.O.B. Cream
     Multiples Range - All Classes:               1.2300 - 1.3400
     Price Range - Class II; $/LB Butterfat:      2.0947 - 2.1929
     Multiples Range - Class II:                  1.2800 - 1.3400


     Information for the period August 2 - 6, 2021, issued weekly
     Published by:
     Dairy Market News - Madison, WI
     ISRAEL WEBER, 608-422-8601
     Email: israel.weber@usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: https://www.ams.usda.gov/market-news/dairy
     DMN MARS (My Market News): https://mymarketnews.ams.usda.gov