MD_DA230   ****  Correction to Report on Thursday, June 18, 2020  ****

     Fluid Milk and Cream - Central U.S.

     Report 25 - Released on June 18, 2020

     ***UPDATED  PRICE RANGE - CLASS III MILK***

     Farm milk output is on a steady and seasonal decline. Some hotter/dryer summer-like weather
     is keeping production/components in check. Class I contacts remain concerned about the
     upcoming school situation. Some school districts are reporting a return in the fall, with
     some restrictions and some additional distance learning. Unfortunately, this does not paint
     a clear picture for bottling contacts as to what the near future has in store. Retail orders
     have been better, as pipelines there begin to be refilled. Cheesemakers are reporting spot
     milk prices in a range of $.50 to $2.50 over Class. Location makes a difference, as some say
     spot milk is somewhat available, while others in the Midwest suggest their situation is
     different. Cheese producers have been busy with cheese markets holding onto bullish momentum
     recently. Cream is still somewhat tight. Cream prices are well out of reach for butter
     makers. Therefore, they are using only contracted cream loads and microfixing activity grows
     from plant to plant. Busy ice cream and cheese producers are keeping the cream market
     somewhat tight. Ice cream producers are expected to slow down either next week or the
     following week, with the holiday weekend. A nationwide heatwave has aided ice cream demand.
     Winter wheat harvesters are moving from Oklahoma into Kansas and north. They report a smooth
     season so far in the South Central region. In the Midwest, most corn and soybeans are in the
     ground and winter wheat is reportedly heading. In relation to last year, farmers are ahead
     region wide.

     Price Range - Class III Milk; $/CWT; Spot Basis:   0.50 -  +2.50
     Trade Activity: Slow


     Midwestern U.S., F.O.B. Cream
     Multiples Range - All Classes:               1.3800 - 1.5000
     Price Range - Class II; $/LB Butterfat:      2.6413 - 2.8710
     Multiples Range - Class II:                  1.3800 - 1.5000


     Information for the period June 15 - 19, 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