MD_DA230

     Fluid Milk and Cream - Central U.S.

     Report 16 - Released on April 16, 2020

     Dairy farmers are reporting strong/steady milk yields. They say chilly early spring weather
     has been mostly okay for cow comfort. Interestingly, some farmers say component levels are
     down. Feed quality now, and in the near future, is a concern. Dairy farmers are fighting
     through the COVID-19 related epidemic, but they say some fellow patrons are likely to close
     their doors. Bottling contacts reported stronger orders for the second consecutive week.
     After the early grocery store blitzes, bottling demand reacted. Then, things slowed down as
     shoppers had their fill of dairy staples. Regardless, bottlers continue to report somewhat
     of a roller coaster ride regarding their milk needs. All said, milk is clearly plentiful for
     all processing. With milk hitting the ground throughout the U.S., cheesemakers are reporting
     the same discounts as last week. Cream supply levels are reaching new marks for dairy market
     contacts. Butter plant managers are at a point where storage space is becoming an issue. Ice
     cream production has picked up slightly, but contacts relay it will not be where it needs to
     until food service closures lift.

     Price Range - Class III Milk; $/CWT; Spot Basis:   -8.00  -  -6.00
     Trade Activity: Moderate


     Midwestern U.S., F.O.B. Cream
     Multiples Range - All Classes:               0.5000 - 1.0000
     Price Range - Class II; $/LB Butterfat:      1.1149 - 1.2669
     Multiples Range - Class II:                  0.8800 - 1.0000


     Information for the period April 13 - 17, 2020, 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