MD_DA230

     Fluid Milk and Cream - Central U.S.

     Report 18 - Released on May 06, 2021

     Milk production is reportedly at peak levels in the Midwest. Contacts expect to start seeing
     slightly lighter yields week over week in the near future. That said, dips in yields have
     been expected for a few weeks with either steady to continued upticks being reported. Class
     I orders were up this week throughout the region, at least slightly. Still, there is no
     shortage of milk for all end uses throughout the region. Producers are beginning to evaluate
     potential feed costs, as corn and bean prices push higher week to week on futures markets.
     Cheesemakers continue to report spot milk loads at discounts for the most part. However,
     some cheese producers reported overages of $.50 above Class III. Those same producers
     suggest $5 discounts have not been offered in weeks. Still, $3 and $4 discounts are being
     reported regularly in other areas of the region. Cream availability is mixed. Some loads
     bound for ice cream production were reported well above last week's premiums, but butter
     plant managers are still clearing an occasional load at multiples in the mid-1.20s. They
     say those are becoming fewer and further between, though. The dust has settled over Upper
     Midwestern corn fields, literally. As was expected during week 17, farmers used the
     previous weekend to get in the fields and there were multiple reports that strong winds
     created a dusty deluge in rural areas of the region. Farmer contacts in Wisconsin reported a
     Sunday evening rain could not have come at a more opportune time.

     The DMN monthly average of the range price series for Upper Midwest Class II cream during
     April was $2.3695, compared to $2.0759 in March.

     Price Range - Class III Milk; $/CWT; Spot Basis:   -4.50 -  .50
     Trade Activity: Active
     B

     Midwestern U.S., F.O.B. Cream
     Multiples Range - All Classes:               1.2400 - 1.3700
     Price Range - Class II; $/LB Butterfat:      2.2861 - 2.4468
     Multiples Range - Class II:                  1.2800 - 1.3700


     Information for the period May 3 - 7, 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