MD_DA230 Fluid Milk and Cream - Central U.S. Report 26 - Released on June 30, 2022 Milk yield reports continue their summer trend lower. Nevertheless, as farmers relay their May reports, year over year trends are mostly steady. Milk checks, though, are clearly higher than they were at this time in the previous five years. Inventories of hay in parts of the upper Midwest are hearty. Farmers are noting the rise in costs of running their farms, though, which are not negligible despite a growth in payments. Cheesemakers in the Midwest are reporting spot milk prices from $6 to $1 under Class III. As the holiday weekend approaches, some plants are taking an additional day to two days off, therefore milk availability is spread a little less thin. Cream is somewhat stable, despite the holiday weekend. Contacts suggest declining milkfat components off the farm have kept cream in a stable, albeit somewhat more available, status. Butter makers are clearing cream loads within their fiscal grasp, and churning is somewhat active. Price Range - Class III Milk; $/CWT; Spot Basis: -6.00 - -1.00 Trade Activity: Moderate Midwestern U.S., F.O.B. Cream Price Range - All Classes; $/LB Butterfat: 3.7060 - 4.0590 Multiples Range - All Classes: 1.2600 - 1.3800 Price Range - Class II; $/LB Butterfat: 3.8531 - 4.0590 Multiples Range - Class II: 1.3100 - 1.3800 Information for the period June 27 - July 1, 2022, issued weekly Published by: Dairy Market News - Madison, WI ISRAEL WEBER, 608-422-8601 Email: israel.weber@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