CREAM MULTIPLES
WEST
Here’s what USDA/AMS had to say:
Cream continues to be steadily available in the region. Near term demand for cream is stronger, however, some stakeholders report demand for next year is lighter than this time a year ago. Cream multiples moved slightly lower at the top of both ranges. Stakeholders note a few distressed cream sales at multiples below the bottom of the All-Class range. Condensed skim milk loads are available to fill steady spot buyer demand.
CENTRAL
Here’s what USDA/AMS had to say:
Class II cream demand continues to strengthen, though interest from butter makers is steady. Butter churns are active, and some butter makers say they are using more cream internally, rather than selling spot volumes.
NORTHEAST
Here’s what USDA/AMS had to say:
Some butter producers are choosing to sell some of their cream to Class II and Class III manufacturers due to the high multiples for those products. The cream multiple range dropped slightly at the top of the range, but there were more reported sales at the high end of the range this week. Condensed skim supply is tight. There were a few reported sales this week going for $0.20 over Class price. Demand for condensed skim is steady.
