MD_DA230

     Fluid Milk and Cream - Central U.S.

     Report 21 - Released on May 23, 2019

     Chilly, wet weather has not impeded milk production in the upper Midwest. Farmers there are
     suggesting even with fewer cows, milk production is up month to month and year to year.
     Comprehensively, however, fewer cows is equating to less milk. Class I sales are steady to
     higher in the upper Midwest, but lower in the southern portion of the region, likely due to
     schools letting out earlier in that area. Cheesemakers are reporting more spot milk loads at
     a discount than not, but there are still some overages being reported. Most loads are within
     $.50 under to $.50 over Class, although some discounts were reported as low as $2.00 under.
     With the three day weekend and some ice cream and butter plants taking an extra day off,
     cream is a little more available this week. Regarding near term, post-holiday firmness on
     cream markets, expectations are mixed among contacts. Some think it will return, while
     others predict a lull. While planting has been delayed by wet weather in the upper Midwest,
     storms including tornadoes, hail, and floods are keeping farmers on edge. Throughout the
     region, fieldwork is delayed.

     National Retail Report Dairy ± Fluid Milk Summary
     Advertised Prices at Major Retail Supermarket Outlets ending during the
     period of 5/17/19 to 5/23/2019

     Half Gallon, All Fat Tests               Weighted Average Price
     National                          This Period       Last Week      Last Year
      Organic                            $4.62            $4.02           $4.00
      Conventional                       $2.12            $1.89           $2.04

     Regional (Conventional)            Wtd. Ave.           Low            High
      Midwest                             $1.79           $1.79           $1.79
      South Central                       $2.46           $1.89           $3.50
      Southwest                           $1.99           $1.99           $1.99

     Regional (Organic)                 Wtd. Ave.           Low            High
      Hawaii                             $5.99            $5.99           $5.99
      Northeast                          $4.29            $3.49           $5.49
      Southeast                          $4.83            $3.99           $4.99
      Southwest                          $4.99            $4.99           $4.99

     Gallon, All Fat Tests                    Weighted Average Price
     National                          This Period       Last Week      Last Year
      Organic                            $6.99             $6.29          $5.60
      Conventional                       $2.91             $2.56          $2.56

     Regional (Conventional)            Wtd. Ave.           Low            High
       Alaska                            $4.89             $4.89          $4.89
      Hawaii                             $4.69             $4.69          $4.69
      Midwest                            $1.99             $1.99          $1.99
      Northeast                          $3.32             $2.99          $3.49
      Northwest                          $1.99             $1.99          $1.99
      Southwest                          $2.79             $2.69          $2.98

     Regional (Organic)                 Wtd. Ave.           Low            High
       Midwest                           $6.99             $6.99          $6.99

     Price Range - Class III Milk; $/CWT; Spot Basis:     -2.00  -  +.50
     Trade Activity: Moderate

     Midwestern U.S., F.O.B. Cream
     Multiples Range - All Classes:               1.1800 - 1.3100
     Price Range - Class II; $/LB Butterfat:      2.9519 - 3.0936
     Multiples Range - Class II:                  1.2500 - 1.3100

     Information for the period May 20 - 24, 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: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home