MD_DA230

     Fluid Milk and Cream - Central U.S.

     Report 48 - Released on December 02, 2021

     Midwest dairy farmers are beginning to report their October numbers and they say crop
     inventories and quality have bolstered milk output from January through October 2021. Milk
     yields and milk checks have been, at least in some cases, at least slightly stronger in
     2021 than in the past five years. Some suggest some similar factors regarding two things:
     milk-per-cow has increased, along with somatic cell counts. Milk moving into Class I has,
     for obvious reasons, shown major improvements year over year. Weekly Class I demand is
     steady to slightly down. School breaks for the end-of-year holidays will soon slow food
     service Class I sales. Class III demand is stronger, but prices remain in the same
     discounted range. Cream remains available for all purposes. Butter plant managers are taking
     advantage of holiday breaks at other plants to add to the recently slower churning rates.
     That said, butter makers in the region continue to report employee shortages putting a
     damper on production, and therefore output. Many areas from the southern Central to the high
     plains areas are facing very dry conditions, with little to no help in the immediate
     forecast. Still, winter wheat reports were stronger than expected from the south up to the
     largest producer of winter wheat, Kansas.

     Price Range - Class III Milk; $/CWT; Spot Basis:   - 2.00 – .00
     Trade Activity: Slow


     Midwestern U.S., F.O.B. Cream
     Multiples Range - All Classes:               1.2100 - 1.4400
     Price Range - Class II; $/LB Butterfat:      2.7860 - 2.8656
     Multiples Range - Class II:                  1.4000 - 1.4400


     Information for the period November 29 -  December 3, 2021, 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