Fluid Milk and Cream Review - East
MD_DA210

     Fluid Milk and Cream - Eastern U.S.

     Report 41 - Released on October 09, 2019

     Milk production is improving in the western and central parts of the Northeast. As one
     industry source proclaimed, "there's lots of milk." Manufacturers in areas further south
     report adequate to tight milk supplies. Class I sales are normal for this time of year.
     Condensed skim spot prices are up, higher than recent years, according to some processors.
     The Mid-Atlantic milk production volumes increased this week. Class I sales are good. Bottle
     demand pulls on milk supplies some manufacturers would like to have for their processing
     needs. Southeast's milk production remains down. Strong bottling demand is supported by milk
     distribution from other areas of the East and other regions. Manufacturing milk supplies are
     tight, with no foreseeable change. Weather has been hot in Florida, but rain is forecasted
     to move back into the weather pattern. Cooler temperatures are likely to promote cow
     comfort. Milk production is seeing a slight uptick, while bottling sales are mostly flat.
     Sources are not expecting a great change in sales until Thanksgiving. Buyers are having
     little trouble finding cream. However, apart from contracts, movement is slow. Cream
     suppliers inched the multiples higher, 1.27-1.33 F.O.B., relative to the lower butter price.
     The majority of cream spot sales satisfy Class II production, but the market is seeing
     interest rise for Class III needs. Condensed skim continues to trade at a premium in the
     spot market.

     NATIONAL RETAIL REPORT DAIRY � FLUID MILK SUMMARY
     Advertised Prices at Major Retail Supermarket Outlets ending during the
     period of 10/04/19 to 10/10/2019


     Half Gallon, All Fat Tests         Weighted Average Price
     National                    This Period   Last Week   Last Year
     Conventional                   $2.35        $2.15       $2.13
     Organic                        $3.48        $3.99       $3.67

     Regional (Conventional)      Wtd. Ave.       Low         High
     Midwest                        $2.19        $2.19       $2.19
     Northwest         $2.69     $2.69       $2.69
     South Central                  $1.89     $1.89       $1.89

     Regional (Organic)           Wtd. Ave.       Low           High
     Northeast                   $3.69     $3.69    $3.69
     Northwest                   $4.12     $2.99    $4.39
     South Central                   $3.69     $3.69    $3.69
     Southeast                   $2.68     $2.68    $2.68
     Southwest                   $3.09     $2.99    $3.50


     Gallon, All Fat Tests              Weighted Average Price
     National                    This Period   Last Week   Last Year
     Conventional                   $3.47        $2.54       $3.27
     Organic                        $5.70        $5.81       $6.99

     Regional (Conventional)      Wtd. Ave.       Low         High
     Midwest                         $2.23       $1.98       $2.50
     Northeast                       $3.49       $3.49       $3.49
     Northwest                       $1.99       $1.99       $1.99
     South Central                   $3.49       $3.49       $3.49
     Southeast                       $3.99       $3.99       $3.99
     Southwest                       $1.99       $1.99       $1.99


     Regional (Organic)           Wtd. Ave.       Low         High
     Northeast                       $6.99       $6.99       $6.99
     Northwest                       $5.36       $5.00       $5.99

     Southeast                       $5.21       $4.99       $5.99

     Northeastern U.S., F.O.B. Condensed Skim
     Price Range - Class II; $/LB Solids:         0.95 - 1.07
     Price Range - Class III; $/LB Solids:        0.90 - 1.05


     Northeastern U.S., F.O.B. Cream
     Multiples Range - All Classes:               1.2700 - 1.3300
     Price Range - Class II; $/LB Butterfat:      2.7426 - 2.8721


     Information for the period October 7 - 11, 2019, issued weekly
     Published by:
     Dairy Market News - Madison, WI
     DANIEL JOHNSON, 608-422-8605
     Email: daniel.johnson4@usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: https://www.ams.usda.gov/market-news/dairy
     DMN MARS (My Market News): https://mymarketnews.ams.usda.gov