MD_DA230

     Fluid Milk and Cream - Central U.S.

     Report 23 - Released on June 10, 2021

     As temperatures rise throughout the region, milk yields off the farm are steadily
     decreasing. The effects of any declines have yet to encumber milk availability for any and
     all uses. Class I demand has edged back considerably as schools have begun to break for the
     summer. In untimely fashion, retail milk sales have also slowed. Milk handlers are working
     to find homes for heavy milk volumes from the South to the North Central areas. Some
     balancing plant managers have worked with suppliers to delay maintenance days off with the
     current situation. Cheese producers relay milk offers are regularly incoming. Some say offer
     prices are below the current range of $6 to $5 under Class III, which is unchanged from last
     week, while last year's prices during week 23 ranged from $.75 over to $3 over Class III.
     Cream availability is not scarce, but not nearly as heightened as raw milk. Cream multiples
     are generally steady week over week. Butter producers are finding loads within their budget,
     but say they are not overwhelmed by offers, either. Some contacts say retail ice cream
     production is a little less active than expected this early in the season. Still, with less
     cream being skimmed for school milk supplies and warmer temperatures, some expect cream to
     tighten up near-term. Feed concerns are a regular topic among contacts. Drought conditions
     in parts of the region, along with little to no relief in the weather forecast, have
     contacts questioning potential corn/bean yields there.

     Price Range - Class III Milk; $/CWT; Spot Basis:   -6.00 -  -5.00
     Trade Activity: Slow


     Midwestern U.S., F.O.B. Cream
     Multiples Range - All Classes:               1.1900 - 1.3600
     Price Range - Class II; $/LB Butterfat:      2.3270 - 2.4344
     Multiples Range - Class II:                  1.3000 - 1.3600


     Information for the period June 7 - 11, 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