Thursday, October 17, 2024

Fluid Milk and Cream - Western U.S. Report 42

In California, milk production is trending weaker. Stakeholders convey lingering higher temperatures during the beginning of the fall season and herd health issues have both contributed to weaker milk output over the last few weeks. Some handlers note preliminary records indicate October 2024 milk production is down compared to October 2023 milk production and below anticipated volumes. Processors convey additional requests for contracted milk are being received. Demands for Class I, II, and IV milk are steady. Demand for Class III milk is stronger. 

In Arizona, farm level milk output is steady. Processors convey forecasted temperatures for the near-term are cooler and anticipate this helping milk output to bounce back soon. Demand for Class I milk is stronger. Demands for Class II, III, and IV milk are steady. 

Milk production is steady in New Mexico as well. Class I milk demand is stronger. All other Class demands are steady. 

Farm level milk output in the Pacific Northwest is stronger. Stakeholders convey milder weather contributed to better than anticipated milk output both in terms of per cow and total milk output. All Class manufacturing demands are steady. 

Handlers in the mountain states of Idaho, Utah, and Colorado note milk production as steady or stronger. Processors indicate milk volumes are in good shape, and demand for spot loads of milk has increased, particularly in the Idaho/Utah portion of the mountain states area. In some cases, spot load sellers convey Class IV milk is being purchased at Class III prices. Demands for all Classes vary from strong to steady. 

Cream is readily available throughout the region. Domestic cream demand is lighter. Cream multiples moved lower on the higher end of the spectrum. Condensed skim milk loads are widely available. Condensed skim milk demand is steady.






Thursday Closing Dairy Market Update - Traders Have Turned Optimistic

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