MD_DA230

     Fluid Milk and Cream - Central U.S.

     Report 29 - Released on July 22, 2021

     Dairy farmers in the Midwest say June production numbers on their respective farms continued
     to show uptrends from previous years. Component levels, from some farmer contacts, were the
     highest they have seen in a number of years. January through June figures are firmly
     exceeding 2020's milk production levels. Some contacts say there should be a grain of salt
     regarding 2020, as COVID-19 related cutbacks were regularly occurring last year at the onset
     of the pandemic. Still, week to week milk yields are lighter. On a positive note, Class I
     sales have slowly started to pick up. School orders are expected to start to dip overall
     fluid milk availability moving into late July/early August in parts of the country where
     schools begin in mid-August, such as the South Central and Southeast. Milk loads are
     expected to begin to move from the Central and Mid-Atlantic region toward the Southeast, as
     well. Cheese producers are less enticed this week to take on spot milk after some busier
     trading activity in recent weeks. Spot milk prices moved higher into Midwestern cheese
     plants, but they remain wholly discounted. Cream trading activity was slower, but the
     multiples range expanded. Butter churners say there was more cream available this week than
     expected, but some Class II producers are paying a little more in the region, early in the
     week. Central region bean/corn crops are seeing some timely rainfalls, in areas. That said,
     some other areas remain in a very dry/drought situation. Contacts simply say it is very
     spotty. Even in the same area, one field varies from the next.

     Price Range - Class III Milk; $/CWT; Spot Basis:   -5.00 -  -3.00
     Trade Activity: Slow


     Midwestern U.S., F.O.B. Cream
     Multiples Range - All Classes:               1.2200 - 1.3600
     Price Range - Class II; $/LB Butterfat:      2.1709 - 2.3066
     Multiples Range - Class II:                  1.2800 - 1.3600


     Information for the period July 19 - 23, 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