CREAM MULTIPLES
WEST
Here’s what USDA/AMS had to say:
Cream continues to be widely available in the region. Cream demand is somewhat lighter. Cream multiples had downward movement for the top end of both ranges. The bottom end of the All-Classes range remained at flat market. However, stakeholders indicate below flat market activity for distressed cream loads. No changes in condensed skim milk availability or demand are reported.
CENTRAL
Here’s what USDA/AMS had to say:
There is plenty of cream available in the Central region, and butter makers say they often have enough cream on hand and are purchasing fewer spot loads. Butter markets continue to move in a bearish direction. This, combined with light demand for cream, is causing some spot cream loads to move at lower multiples compared to previous weeks.
NORTHEAST
Here’s what USDA/AMS had to say:
Cream is widely available for spot purchases. Churn activity is increasing to accommodate seasonal demand of retail butter. Cream multiples fell on both ends of the range this week. The lower end of the range took a dramatic drop as the amount of available cream is stronger than demand.
