MD_DA230

     Fluid Milk and Cream - Central U.S.

     Report 25 - Released on June 23, 2022

     Milk output in the region is starting to noticeably slide. Contacts are specifically
     suggesting a downslide in regards to milkfat, but general milk levels are noted as lower, as
     well. Hotter temperatures throughout the region are seasonally pushing down milk output.
     Class I demand is also seasonally sluggish, albeit steady from week to week. Cheesemakers
     are clearing a lot of milk and at heavy discounts. Some Class III producers suggest
     discounts are expected until at least the Fourth of July holiday. Cream availability has
     remained somewhat snug according to butter makers. Ice cream production is at or near its
     annual peak, ahead of July. Still, butter makers do not expect much price relief following
     the seasonally strong ice cream manufacturing push. As mentioned, milkfat levels are
     declining in the summer temperatures, as a number of regional cream end users continue to
     look west, when possible, for spot cream loads. Wheat harvest in parts of the Southern
     region are not noted as positive. Some farmers say their bushels per acre counts are
     noticeably lower than what they were last year. They also point out a steeper price tag on
     fuel costs for combines and other farm equipment.

     Price Range - Class III Milk; $/CWT; Spot Basis:   -5.00 - -1.00
     Trade Activity: Moderate



     Midwestern U.S., F.O.B. Cream
     Multiples Range - All Classes:               1.2600 - 1.3500
     Price Range - Class II; $/LB Butterfat:      3.8428 - 3.9906
     Multiples Range - Class II:                  1.3000 - 1.3500


     Information for the period June 20 - 24, 2022, 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