CREAM MULTIPLES
WEST
Here’s what USDA/AMS had to say:
Stakeholders describe cream supplies as long, though contracts are being met. Cream multiples moved slightly higher at the top of the range this week. Cream demand is steady.
CENTRAL
Here’s what USDA/AMS had to say:
Cream production is steady, and spot cream loads are available, although Class II processors continue to secure most spot cream volumes. Cream prices remain the same at the lower end while dropping 1 cent on higher end of series. Overall, cream markets remain firm, driven by active Class II needs and steady churn operations throughout the Central region.
NORTHEAST
Here’s what USDA/AMS had to say:
Class II and All Class cream multiples remained fairly steady against the existing price curve, despite the continued abundance of cream in the market. The fluid milk and cream market tone is steady. Class II demand is steady, supported by ample supply, with manufacturers continuing to purchase cream and condensed skim for cultured and frozen products. As peak ice cream production tapers through August, the strong summer pull on cream is easing. Class IV cream supplies remain abundant, allowing churns to run uninterrupted ahead of the typical late-season supply and demand imbalance tied to holiday demand.
