Fluid Milk and Cream Review - East

     Fluid Milk and Cream - Eastern U.S.

     Report 24 - Released on June 13, 2018

     Northeast milk production continues to increase. Balancing operations are actively
     processing as milk volumes are heavy. Class I and III sales are lower, however Class II
     sales are increased this week. Milk output off the farms is steady to decreased in some
     areas of the Mid-Atlantic. Balancing operations are clearing heavy milk loads for Class II
     and IV production. Southeast milk production is decreased as the hot weather lingers in the
     area. Class I sales are flat compared to last week, however sales are overall lower than
     past months, as educational institutions are done for the school year. Bottling orders are
     steady to lower, yet facilities are clearing steady milk loads for production needs. Cream
     multiples range 1.20-1.32 as the demand from Class II and IV is firm. Many market
     participants are currently purchasing regular spot loads around the low 1.30s. Some
     manufacturers are offering their cream on the spot market instead of churning as their
     butter inventories are in good shape and cream prices are firm. The overall market is fairly
     stable, however some dairy contacts report cream is following seasonal demand patterns.
     Condensed skim market conditions are fairly steady. Inventories are plentiful in the area
     and spot sales are trading at a discount. Many loads are being delivered to other regions
     for production needs.

     National Retail Report Dairy � Bottled Milk Summary
     Advertised Prices for Bottled Milk at Major Retail Supermarket Outlets ending during the
     period of 06/08/2018 to 06/14/2018

                            Weighted Average Price
                      This Period     Last Week     Last Year
     Milk, Gallons, All Fat Test
       Conventional      2.95           3.01           2.52
                             Wtd. Ave.    Range

      Northeast               5.22      2.99-6.99
      Southeast               3.99        3.99

     Northeastern U.S., F.O.B. Condensed Skim
     Price Range - Class II; $/LB Solids:         0.45 - 0.85
     Price Range - Class III; $/LB Solids:        0.49 - 0.85

     Northeastern U.S., F.O.B. Cream
     Multiples Range - All Classes:               1.2000 - 1.3200
     Price Range - Class II; $/LB Butterfat:      2.8560 - 3.1416

     Information for the period June 11 - 15, 2018, issued weekly
     Published by:
     Dairy Market News - Madison, WI
     JESSICA MUELLER, 608-422-8589
     Email: Jessica.Mueller@ams.usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home