MD_DA230

     Fluid Milk and Cream - Central U.S.

     Report 46 - Released on November 14, 2019

     Milk output is steady to lower, regionally, compared to last week. When compared to last
     year, milk levels are steady even with fewer cows. The largest concerns right now, among
     dairy farmer contacts, are the eventual forage and feed conditions. Wet/cold grounds have
     hampered corn harvests in large areas of the upper Midwest. In the near term, farmers are
     hopeful for a warmer, less winter-like, weekend ahead to make a larger dent in the already-
     delayed harvest. Reports on bottling ranged from steady to lackluster. Cheesemakers are
     beginning to report more discounted spot milk loads regionally. There were some overages
     reported as well, but the overall trend points to more milk available for Class III
     producers. Cream availability reports were mixed. Some butter makers reported widely
     available cream from local and Western suppliers. However, other butter makers said cream
     was still available, but showing signs of upcoming tightness. Some contacts suggest a
     slighter availability may be due to last-minute holiday demand pushes into Class III
     production. Cream suppliers and buyers are wrapping up 2020 contracts. They say cream prices
     in 2020 will generally hover around the same as during 2019.

     National Retail Report Dairy – Fluid Milk Summary
     Advertised Prices at Major Retail Supermarket Outlets ending during the
     period of 11/08/19 to 11/14/2019


     Half Gallon, All Fat Tests         Weighted Average Price
     National                    This Period   Last Week   Last Year
     Conventional                   $3.00        $1.79       $2.37
     Organic                        $4.07        $4.11       $4.45

     Gallon, All Fat Tests              Weighted Average Price
     National                    This Period   Last Week   Last Year
     Conventional                   $2.65        $3.33       $2.66
     Organic                        $5.08        $5.97       $5.88

     Regional (Conventional)      Wtd. Ave.       Low         High
     Midwest                        $1.99        $1.99       $1.99
     South Central                  $2.99        $2.99       $2.99

     Regional (Organic)           Wtd. Ave.       Low         High
     Midwest                        $4.99        $4.99       $4.99

     Price Range - Class III Milk; $/CWT; Spot Basis:   -1.50  -  + 1.25
     Trade Activity: Moderate

     Midwestern U.S., F.O.B. Cream
     Multiples Range - All Classes:               1.2100 - 1.3200
     Price Range - Class II; $/LB Butterfat:      2.6048 - 2.7073
     Multiples Range - Class II:                  1.2700 - 1.3200


     Information for the period November 11 - 15, 2019, 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