MD_DA230

     Fluid Milk and Cream - Central U.S.

     Report 36 - Released on September 07, 2023

     Available milk supplies continue to be stretched thin week to week. Directionally, southern
     states' dairy farmers continue to contend with temperatures in the 90s and some days in the
     triple digits. Now that schools have begun in earnest throughout the entire region, the peak
     season of Class I milk usage is here. A number of cheesemakers say their phones have gone
     cold, as milk offers have markedly ebbed from just a month ago. Spot prices into Class III
     facilities ranged from $1 to $2.50 over Class III in the region. Condensed skim availability
     has dwindled somewhat, as well. Cream supplies were available early in the week, as was
     expected with the holiday weekend. However, cream suppliers and end users agree that
     inventories have already begun to tighten up and are expected to do so for the near-term.
     Butter makers, though, had plentiful offers at multiples agreeable to busier churning rates
     following some extra plant downtime over the weekend. Corn conditions are mixed, but dryness
     continues to pervade swaths of the upper Midwest. Some farmers are prepping for an early
     harvest, of both soybeans and corn, due to the extended length of dry weather in a number of
     Midwestern states.

     Price Range - Class III Milk; $/CWT; Spot Basis:    1.00 - 2.50
     Trade Activity: Slow


     The DMN monthly average of the range price series for Upper Midwest Class II cream during
     August was $3.7712, compared to $3.2974 in July.

     Midwestern U.S., F.O.B. Cream
     Price Range - All Classes; $/LB Butterfat:   3.2509 - 3.5416
     Multiples Range - All Classes:               1.2300 - 1.3400
     Price Range - Class II; $/LB Butterfat:      3.3830 - 3.5416
     Multiples Range - Class II:                  1.2800 - 1.3400


     Information for the period September 4 - 8, 2023, 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