CREAM MULTIPLES
WEST
Here’s what USDA/AMS had to say:
Cream continues to be plentiful in the region. Cream demand is mixed. Cream multiples moved lower for the top end of the All-Classes range, and both ends of the Class II range. Contacts indicated offers at below flat prices, but no confirmed sales were noted.
CENTRAL
Here’s what USDA/AMS had to say:
Cream production continues to increase in the Central region. Butter makers say cream is plentiful and demand is declining as processors are utilizing internal volumes rather than purchasing loads from the spot market. All Class cream multiples were unchanged at the bottom of the range, but the top of the range and both ends of the Class II multiple range decreased this week.
NORTHEAST
Here’s what USDA/AMS had to say:
Cream multiples are mixed this week. Cream multiples for Class II use are still selling at higher rates. Cream destined for churns is selling flat to the CME. Condensed skim production remains heavy.
