Thursday, December 10, 2020

Fluid Milk and Cream - Western U.S. Report 50


With lower temperatures and longer nights for cows to rest, farm milk production is on the     raise in California. Bottling demand is hearty following typical seasonal patterns.     Manufacturers report having plenty of milk to cover most processing needs. Offers of raw     milk loads are increasing in the spot market.
Milk yields are trending higher in Arizona, but at a slower pace compared to the previous     year. There are seasonally strong pulls of Class I milk for the holiday needs. Class III     interests are also increasing, while requests for the other Classes of milk are steady.
In New Mexico, milk supplies are mostly steady. Shipments into bottling plants are     increasing, whereas Class II sales are stable. Manufacturers are running their facilities at     or near full capacity ahead of the year-end holidays. A few discounted milk loads are     available in the spot market.
Milk production in the Pacific Northwest is steady and in good balance with processing     needs. Cooler weather and some rain is issuing into the region, recharging water reservoirs     and supporting cow comfort. Retail fluid milk bottling is steady and ahead of previous     years.
In the mountain states of Idaho, Utah and Colorado, milk production remains heavy.     Manufacturers have plenty of milk to meet their processing needs. Industry contacts report     discounted loads of milk are available in Idaho.
In the West, condensed skim demands remain strong among some ice cream makers and NDM     processors. Cream supplies are ample and readily available for any cream-based need. Cream     multiples for all Classes are steady to lower this week.

     Western U.S., F.O.B. Cream
     Multiples Range - All Classes:               1.0500 - 1.2200



Friday Closing Dairy Market Update - USDA Raises Milk Production

MILK: Class III milk futures suffered a large setback in response to the decline in cheese prices. Despite the decline, the block ch...