Thursday, May 16, 2024

Fluid Milk and Cream - Western U.S. Report 20

Milk production in California is trending slightly weaker. Preliminary milk production records indicate that May 2024 milk output is below April 2024 milk production. Processors say milk volumes are comfortable compared to plant capacities. Industry participants report spot load sales are at or slightly under flat blend prices. Stakeholders indicate available spot milk loads in the state are mostly due to unplanned downtime at plants. Class I and III demands are strong. Class II and IV demands are steady. 

Arizona milk production continues to trend slightly weaker. However, milk volumes are meeting manufacturing needs. Class I, II, III, and IV demands are steady. 

Handlers note New Mexico milk production as steady or weakening. No shortages are indicated from processors. All Class demands are steady. 

In the Pacific Northwest, milk production is reported as strengthening. Processors are busy utilizing available milk volumes. Some manufacturers report being at-or-near full capacities. Demand for all Classes is steady. 

Farm level milk output in the mountain states of Idaho, Utah, and Colorado, varies from steady to strengthening. Some stakeholders say the peak of milk production in Colorado is less pronounced so far this year. Class III demand is stronger. All remaining Class demands are steady. 

Cream continues to be widely available throughout the region. However, some stakeholders anticipate seeing cream tighten at the end of May. Bottom end cream multiples moved lower for both ranges. Cream demand is steady. Condensed skim milk availability is noted as plentiful. Condensed skim milk demand remains strong.






Thursday Closing Dairy Market Update - September All-Milk Price was $25.50

MILK Milk futures were generally under pressure with Class III futures entrenched in a downtrend. The current fundamentals do not pr...