CREAM MULTIPLES
WEST
Here’s what USDA/AMS had to say:
Cream is readily available. Reported cream multiples are higher at the bottom end of both ranges for week 51. Condensed skim milk demand is lighter and loads are available.
CENTRAL
Here’s what USDA/AMS had to say:
Cream production is strong in the Central region. Cream multiples are lower this week. Scheduled downtime around the upcoming holidays is contributing to lighter demand for cream. Butter makers say they are not purchasing significant volumes of cream currently, as they are primarily using cream internally or selling volumes to prepare for the holidays.
NORTHEAST
Here’s what USDA/AMS had to say:
Butter churns are operating seven days a week with some facilities using their full contract loads of cream while others are purchasing spot loads to keep the churns full. The cream multiple range tightened slightly at both ends of the range this week. Condensed skim availability is growing as the upcoming holidays approach. Contacts report a dramatic drop in price for condensed skim destined for Class III facilities. Decreased demand coupled with increased volumes are contributing to the declining prices. Class II demand for condensed skim is steady. Condensed skim sales ranged from $0.80 to $1.64 per pound.
