CREAM MULTIPLES
WEST
Here’s what USDA/AMS had to say:
Plenty of cream is available to cover demands. Reported cream multiples are lower for week 50. Condensed skim milk demand and availability is steady.
CENTRAL
Here’s what USDA/AMS had to say:
Cream remains available in the Central region, amid strong milk component levels. Contacts say Class I cream demand is steady, but interest from butter makers is light. Butter makers say they are typically using internal volumes to run busy production schedules, rather than turning to the spot market.
NORTHEAST
Here’s what USDA/AMS had to say:
Most butter makers are using contract loads for their production needs, but there are reported spot sales of cream for churn use. Cream multiples increased at the bottom of the range and decreased slightly at the top. Condensed skim demand was steady to strong this week. At the beginning of the week, manufacturers were struggling to keep up with demand, but the demand tapered as the week continued. Prices for condensed skim ranged from flat to $0.15 over Class.
