US Weekly Dairy Cow Slaughter Report
Weekly Spot Class III Milk Price for the Upper Midwest
The USDA reports in the Central region milk production is steady, and contacts say output was up year over year in April. Processors are running busy schedules, and contacts say this is keeping spot volumes from becoming excessive. Demand for Class I milk is strong, though contacts note bottling will start to decline in May as the school year ends and educational institutions go on break for the summer. Class II demand is strong, and manufacturers are running busy schedules, as they try to keep up with strong market demand. Cheesemakers are running busy schedules but say they are primarily using volumes from within their networks for production, and they are purchasing few spot loads of milk. Reported prices for Class III milk range from $5-under to flat class this week. Demand for Class IV milk remains strong. Contacts say cream production is strong in the region. Class II and III processors are pulling in large volumes of cream, keeping spot inventories well balanced. Demand for cream for churning is light, as butter makers are using volumes from within their network to run full production schedules.
Weekly USDA Cream Multiples
Dairy Market News Dry Products Mostly Midpoints
