MD_DA230   ****  Correction to Report on Thursday, January 30, 2020  ****

     Fluid Milk and Cream - Central U.S.

     Report 5 - Released on January 30, 2020

     UPDATED: Price Range - Class III Milk; $/CWT; Spot Basis updated in report.

     Fluid milk output is steady in the region. Winter storms in the upper Midwest last week
     brought on a mostly mild and dry(er) week. Therefore, cow comfort has been mostly positive
     this season. Farmers are finishing up their end-of-year reports for 2019. They say
     financially, 2019 was much improved when compared to the previous years. That said, they
     also report the next few years are going to be difficult to maintain unless milk prices
     remain closer to where they have been in recent months. Some Wisconsin farmers reported
     increases in overall production with fewer cows on hand. Interestingly, butterfat
     percentages were flat to down while other components increased for some dairy farmers.
     Bottling demand is steady this week. Cheese producers are busy, as discounts remain for the
     most part on the spot milk market. Cream is widely available. Cream end users have options.
     If local sources are not offering cream at attractive rates, the West and mountain states
     are full-up currently. Accordingly, cream multiples/prices slid this week. Regarding feed,
     there remains some concern among a number of Midwestern contacts regarding the potential
     quality of corn/beans from the previous season's harvest.

     Price Range - Class III Milk; $/CWT; Spot Basis:   -1.50  -  0.00
     Trade Activity: Slow

     Midwestern U.S., F.O.B. Cream
     Multiples Range - All Classes:               1.0000 - 1.2000
     Price Range - Class II; $/LB Butterfat:      2.1670 - 2.2417
     Multiples Range - Class II:                  1.1600 - 1.2000


     Information for the period January 27 - 31, 2020, 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