MD_DA230

     Fluid Milk and Cream - Central U.S.

     Report 17 - Released on April 28, 2022

     Fluid milk output is increasing seasonally in the region. Monthly reports are being received
     from farmers and they are giving positive reports, with, in some cases, even record breaking
     first quarters in regards to component levels and importantly, milk checks. Overall
     production is mixed in regards to yearly comparisons, as herd sizes are typically smaller
     this year than in years past. Class I demand is starting to slow down, as is expected in the
     last weeks of April and into May, as schools begin to prepare for their summer hiatuses.
     Class III producers are busily taking on milk at discounts. As has been the case in recent
     months, some plants are busy while others are allotting more downtime, so the active plants
     are exactly that. Cheese demand increases have also added incentive to run more milk through
     the vat. Cream is slowly and steadily increasing in price, as demand needs from ice cream
     producers has edged higher, while butter churning is and has been active as butter plant
     managers try to churn ahead to increase fall inventories and meet strengthened export
     demands. Some contacts said they were able to get into the fields this week in the upper
     Midwest. They do say there was some consideration ahead of time, though, as there are fears
     of getting stuck in fields not yet dry enough to begin work. In the Southern portion of the
     region, wetness is exactly what is needed to benefit wheat crops. Parts of Kansas, Texas and
     Oklahoma are very dry.

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


     Midwestern U.S., F.O.B. Cream
     Multiples Range - All Classes:               1.2400 - 1.3100
     Price Range - Class II; $/LB Butterfat:      3.4379 - 3.5462
     Multiples Range - Class II:                  1.2700 - 1.3100


     Information for the period April 25 - 29, 2022, 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