MD_DA230

     Fluid Milk and Cream - Central U.S.

     Report 33 - Released on August 19, 2021

     Milk output declines remain steady week to week, but when farmers report their
     monthly/annual comparisons, milk output is notably stronger than previous years. Contacts
     say component levels during the month of July were record-breaking on their respective
     farms. Hay inventories are strong in the upper Midwest, and hay quality has been noted as
     positive, as well. Some upper Midwestern farmers continue to report a strong variance from
     one area to the next in crop quality. Some say rains were very beneficial in recent weeks,
     while others continue to say a half-inch of rain here and there is doing little to alleviate
     weeks of higher temperatures and dry ground. Bottlers are in their peak buying season, as
     schools have begun in parts of the region, and ordering is pervasive. Many schools are
     working on mask mandates due to the Delta COVID-19 upticks, but a majority are planning in-
     person learning, which benefits the industry resolutely more than when most, if not every,
     school was doing at least partial distance learning. Cheesemakers are beginning to report
     Class III milk market prices to some overages. They say spot milk offers have ceased, and
     some are using nonfat dry milk for cheese fortification. Cream availability is mirroring
     that of spot milk. Cream multiples shot up on the Class II side, and butter plant managers
     reported tightening supplies, as well. They continue to report some regional loads clearing
     into the churns, but say they are becoming more scarce day by day.

     Price Range - Class III Milk; $/CWT; Spot Basis:   0.00 - 1.00
     Trade Activity: Moderate


     Midwestern U.S., F.O.B. Cream
     Multiples Range - All Classes:               1.2500 - 1.4000
     Price Range - Class II; $/LB Butterfat:      2.1762 - 2.3436
     Multiples Range - Class II:                  1.3000 - 1.4000


     Information for the period August 16 - 20, 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