Fluid Milk and Cream Review - Central

     Fluid Milk and Cream - Central U.S.

     Report 24 - Released on June 14, 2018

     Hardships continue to be relayed from Midwest and south-Central fluid milk and cream
     contacts. Week after week, hauling and freight issues are plaguing fluid milk handlers.
     Another difficulty facing many producers is employment. Maintaining fully staffed dairy
     farms is becoming increasingly difficult. Some contacts foresee more robotic milking systems
     being implemented near term. Milk output reports continue to point to plentiful supplies.
     Even after a number of farmers in the Midwest sold their herds this spring, handlers say
     overall monthly volumes are still higher than previous years. Cheesemakers´┐Ż intakes varied
     this week. Offers from milk suppliers were generally higher, but numerous cheese plant
     managers report either foregoing the spot market altogether or only opting in if the
     discounts remained substantial. Cream prices, in some cases, saw a large bounce this week.
     Ice cream manufacturers are affecting cream supplies, while some large volume Class IV cream
     purchases were also reported. Corn and bean reports in the upper Midwest are generally
     positive. South Central crop reports vary county to county.

     The DMN National Retail Report-Dairy June 8-14 noted the national weighted average
     advertised price for one gallon of milk was $2.95, down 6 cents from last week, but 43
     cents higher than a year ago. The weighted average regional prices in the Midwest and South
     Central were $2.19 and $2.18, respectively.

     Midwestern U.S., F.O.B. Cream
     Multiples Range - All Classes:               1.2200 - 1.3300
     Price Range - Class II; $/LB Butterfat:      2.9512 - 3.1654
     Multiples Range - Class II:                  1.2400 - 1.3300

     Information for the period June 11 - 15, 2018, issued weekly
     Published by:
     Dairy Market News - Madison, WI
     ISRAEL WEBER, 608-422-8601
     Email: israel.weber@ams.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