MD_DA230

     Fluid Milk and Cream - Central U.S.

     Report 42 - Released on October 17, 2019

     Midwestern milk output is slightly higher. Contacts point to pleasant, cow-comfortable
     weather as a catalyst for a slight uptick. Contacts have also pointed out, in recent weeks,
     that component levels have been on the rise. Class I sales and processing remain steady in
     the region. That said, Southeastern regional bottling/processing has changed the dynamic for
     milk usage in the Midwest/Central area of the country. Contacts say since Class I upticks
     began with the onset of schools reopening in the Southeast, milk loads have been diverted in
     that direction from the Midwest and Mideast. Cheese producers say milk is still generally
     around the $1 over Class range, up a little from last week. Cheesemakers report using more
     nonfat dry milk to standardize during production. Cream is currently available for all uses.
     Some cream handlers suggest they are getting interest from processors who have been quiet in
     recent months, so there are expectations that cream supplies may tighten up near term.
     Although harvesting of corn in the Midwest is behind and/or spotty due to the late/wet
     planting season, winter wheat planting in parts of the Midwest and large areas in the South
     Central is ahead of schedule, and weather has been helpful in most of those areas this fall.


     National Retail Report Dairy – Fluid Milk Summary
     Advertised Prices at Major Retail Supermarket Outlets ending during the
     period of 10/11/19 to 10/17/2019


     Half Gallon, All Fat Tests         Weighted Average Price
     National                    This Period   Last Week   Last Year
     Conventional                   $3.06        $2.35       $2.24
     Organic                        $4.08        $3.48       $3.88

     Regional (Conventional)      Wtd. Ave.       Low         High
     Midwest                        $0.99        $0.99       $0.99
     South Central                  $3.99        $3.99       $3.99

     Regional (Organic)           Wtd. Ave.       Low         High
     Midwest                        $3.99        $3.99       $3.99
     South Central                  $3.99        $3.99       $3.99

     Gallon, All Fat Tests              Weighted Average Price
     National                    This Period   Last Week   Last Year
     Conventional                   $3.45        $3.47       $3.02
     Organic                        $5.26        $5.70       $7.34

     Regional (Conventional)      Wtd. Ave.       Low         High
     Midwest                        $2.99        $2.99       $2.99
     South Central                  $2.85        $2.69       $2.99

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

     Price Range - Class III Milk; $/CWT; Spot Basis:   +.75  -  + 1.50
     Trade Activity: Moderate

     Midwestern U.S., F.O.B. Cream
     Multiples Range - All Classes:               1.2200 - 1.3200
     Price Range - Class II; $/LB Butterfat:      2.6518 - 2.7562
     Multiples Range - Class II:                  1.2700 - 1.3200


     Information for the period October 14 - 18, 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