CREAM MULTIPLES
WEST
Here’s what USDA/AMS had to say:
Demand for heavy whipping cream and ice cream are contributing to increased activity of spot purchases of cream. Butter makers are not taking in spot loads of cream but churns are operating at or near capacity.
CENTRAL
Here’s what USDA/AMS had to say:
Cream production is strong in the region, as milk components remain up from last year. Class II cream processors continue to pull in large volumes of cream. Spot sales of cream to butter makers are limited as some processors continue to use volumes from within their network to keep churns active.
NORTHEAST
Here’s what USDA/AMS had to say:
Butter manufacturers are operating busy schedules building inventories while cream is readily available. Some facilities are purchasing spot loads while others are using only their contracted volumes. Cream multiples rose at both ends of the range this week.
