Thursday, June 27, 2024

Fluid Milk and Cream - Western U.S. Report 26

Farm level milk production is mixed throughout the West. Milk handlers in California are seeing decreases in farm level milk production as heat continues to adversely affect cow comfort. Contacts have shared milk production is lower than what they typically see for June. That said, some processors noted that unexpected downtime at some plants in the state has freed up milk volumes. Class III demand is strengthening. Cream demand is noted to be steady to weaker. 

In Arizona, milk production is seasonally weak. Contacts share spot loads of condensed skim are in tight supply. 

Farm level milk production is trending weaker in New Mexico. 

Contacts in Utah, Colorado, and Idaho relayed mixed farm level milk outputs. Some contacts noted farm level milk production is trending flat and is in line with milk volumes seen this time last year, while others indicated decreases in milk production. Class I, II, and IV demands are steady. Contacts share Class III demand has strengthened in recent weeks. 

Cream demand is steady. Milk handlers in Oregon and Washington share farm level milk outputs are weaker. Some contacts shared they are seeing less milk than what was forecasted. Demand for all Classes is unchanged from recent weeks. Spot loads of cream are limited. The All-Class cream multiples range was unchanged.







Tuesday Morning Dairy Market Update - Limited Trade Activity Expected

OPENING CALLS: Class III Milk Futures: 2 to 5 Lower Class IV Milk Futures: Mixed ...