MD_DA230

     Fluid Milk and Cream - Central U.S.

     Report 27 - Released on July 08, 2021

     Dairy farm contacts in the Midwest say each month of 2021 has surpassed the previous year's
     figures on overall output. Although component levels have begun to slip, milk yields
     continue at fairly strong levels moving deeper into the summer. Silage, according to some,
     is tight. Hay bunkers are full, and the hay quality has been notably good. Class I orders
     remain seasonally lackluster. With very limited school orders, with the exception of summer
     programs, food service orders are unremarkable. Retail orders vary by state. Cheese
     producers, following a somewhat active previous week, are less than enticed even with prices
     at somewhat steep discounts. $6 to $4 under Class make the range this week. For the past two
     years, during week 27, prices have reached Class III or slightly over Class on the top end.
     Still, some cheese plant managers relay they are unable to take on any extra milk as
     internal supplies are fulfilling their needs, particularly with labor shortage reports
     growing in regularity. Cream is available after the holiday weekend. Demand has not resumed
     to normalcy yet, according to cream handlers. Butter plant managers reported finding cream
     at multiples similar to previous weeks, but some have relayed overall availability was
     lighter.

     The DMN monthly average of the range price series for Upper Midwest Class II cream during
     June was $2.3705, compared to $2.4217 in May.

     Price Range - Class III Milk; $/CWT; Spot Basis:   -6.00 -  -4.00
     Trade Activity: Slow


     Midwestern U.S., F.O.B. Cream
     Multiples Range - All Classes:               1.2300 - 1.3400
     Price Range - Class II; $/LB Butterfat:      2.2757 - 2.3457
     Multiples Range - Class II:                  1.3000 - 1.3400


     Information for the period July 5 - 9, 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