CREAM MULTIPLES
WEST
Here’s what USDA/AMS had to say:
Ice cream makers are reducing spot cream orders, leaving volumes available for butter makers.
CENTRAL
Here’s what USDA/AMS had to say:
Cream production is declining in the region. Demand for cream from ice cream makers continues to decline in the region and contacts say this is contributing to increasing spot cream availability. Butter makers are purchasing this cream at slightly lower multiples, compared to previous weeks, and running busy production schedules.
NORTHEAST
Here’s what USDA/AMS had to say:
Churn activity is generally slower, even though some facilities report prioritizing butter production over using cream for other product types. The cream multiples range did not change this week, with contacts stating they are able to buy or sell within the same range.
