Thursday, December 28, 2023

Fluid Milk and Cream - Western U.S. Report 52

Farm level milk outputs are steady to higher in the West. Milk production continues to grow week over week in California. Contacts share farm level milk outputs are lower than they were in December 2022, but that components are stronger than in prior years. Cream supplies are abundant, and flat multiples are becoming more common. Some butter plant managers relay churns are not full, and they are seeing above flat market multiples to bring cream in from areas with heavy cream supplies. Class I demand is down from recent weeks as a result of school closures. 

Milk outputs in Washington and Oregon are trending higher. Cool temperatures have boded well for cow comfort. Class I demand is weaker than in recent weeks. Class II, III, and IV demands are also lighter. 

Milk production is steady in both Arizona and New Mexico. Class I demand has waned as a result of school closures, but milk volumes have been redirected into other channels to meet local processing needs. 

Milk outputs in Idaho, Utah, and Colorado are steady at the farm level. Contacts share week over week increases in milk production in Idaho have flattened somewhat. Class I demand is lighter throughout the mountain states. Demands for all other Classes are steady to lighter. 

Contacts share cream supplies are strong in certain areas of the region, and multiples have moved lower at the top end of the all Classes range in response.




Wednesday Closing Dairy Market Update - Milk, Cheese Trading Strong; March Dairy Exports Decline

MILK Milk production is mixed across the country with a few areas moving past the spring flush to see production holding steady. Oth...