MD_DA230 Fluid Milk and Cream - Central U.S. Report 23 - Released on June 08, 2023 Milk and cream contacts in the upper Midwest relay what contacts in Texas and the southern states in the Central region have been reporting in recent weeks. School-related Class I ordering drawdowns have created a glut of milk on the market. Milk discarding is now being reported there, as well as in the South. That said, contacts in Texas say milk availability is beginning to tighten there due to the warmer temperatures and humidity, hampering cow comfort. Cheesemakers are taking in notably ample amounts of milk. Spot milk prices of loads moving into cheese plants were reported from $11 to $4 under Class III. More prices, though, were reported at $7 to $11 under than in previous weeks. Milk handlers are expecting the warmer days in the upper Midwest to start to impact both milk and cream availability there in the near term, as well. The Memorial Day holiday is still impacting the cream market, but cream and butter contacts are starting to report firming multiples. That said, some butter plant managers say they are somewhat satisfied with their locked-in cream supplies through the rest of the month. Both Class II and Class III production is starting to thin the cream pool somewhat, as well. Most contacts expect a tighter cream market in the next few weeks, but this week, cream for all uses remains available. Some butter plant managers relayed taking in cream from the Western region, as local cream availability is slightly firming. Corn planting is ongoing, but a number of states are in the wrap-up stages of planting, as dry and warm weather has benefitted farmers in the Midwest and Central states. The DMN monthly average of the range price series for Upper Midwest Class II cream during May was $3.0690, compared to $2.9629 in April. Price Range - Class III Milk; $/CWT; Spot Basis: -11.00 - -4.00 Trade Activity: Moderate Midwestern U.S., F.O.B. Cream Price Range - All Classes; $/LB Butterfat: 2.9386 - 3.1345 Multiples Range - All Classes: 1.2000 - 1.2800 Price Range - Class II; $/LB Butterfat: 3.0365 - 3.1345 Multiples Range - Class II: 1.2400 - 1.2800 Information for the period June 5 - 9, 2023, 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