Thursday, July 25, 2024

Fluid Milk and Cream - Western U.S. Report 30

In California, milk production is seasonally weaker. Handlers convey daytime temperatures in the triple digits continue to negatively impact milk output, fat component levels, and cow comfort. Handlers also indicate July 2024 milk output is below anticipated quantities, and down slightly compared to July 2023 milk output. Milk volumes are seasonally tighter in the state. However, stakeholders note small improvements in milk availability recently due to some unplanned downtime from processing equipment issues. Spot milk sales at slightly under Class III prices are noted. Demand for Class III is strong. Demands for all other Classes are steady. 

Farm level milk output in Arizona is weaker. Stakeholders convey spot load availability is tight. Demands for all Classes are steady. 

In New Mexico, milk production is trending weaker. However, Manufacturers indicate milk volumes are sufficiently meeting production needs. Demands for all Classes are unchanged. 

Although farm level milk output in the Pacific Northwest is weaker, handlers indicate milk output is within anticipated summer volumes. Milk volumes are adequately accommodating production needs. All Class manufacturing demands are steady. 

Milk production continues to weaken in the mountain states of Idaho, Utah, and Colorado. Stakeholders note Colorado milk volumes and spot load availability are tighter than the usual seasonal trends. In the Idaho/Utah area, planned downtime for processing equipment maintenance is anticipated to increase available spot market loads temporarily. All Class demands are steady. 

Cream is generally tight throughout the region, and demand is mixed. Some stakeholders convey interest from buyers in the neighboring region is strong. Cream multiples moved higher on the bottom end of both ranges. Condensed skim milk is generally tight. Demand for condensed skim milk is strong. 






Friday Morning Dairy Market Update - Milk Futures Could Find Support

OPENING CALLS: Class III Milk Futures: 4 to 8 Lower Class IV Milk Futures: 4 to 8 Lower ...