East Fluid Milk
And Cream Review
Madison, Wis.
May 14,2003
Report Supplied by USD A
Spot prices of class II cream, dollars
per lb. butterfat: F. 0.8. producing plants:
Northeast: 1.3397-1.4813. Delivered
Equivalent: Atlanta; 1.3506-1.4595 mostly
1.3615-1.3942.
PRICES OF CONDENSED SKIM,
dollars per lb. wet solids, F. 0.8. produc
ing plants: Northeast: Class 11, includes
monthly formula prices: .8500-.9800;
Class 111 - spot prices - .7400-.8000.
SPOT SHIPMENTS OF GRADE A
MILK: FLORIDA: This Week: In 0, Out
153; Last Week: In 0, Out 192; Last Year:
In 0, Out 80. SOUTHEAST STATES:
This week; In 0, Out 0; last week: In 0,
Out 0; last year: In 0, Out 0.
EDITOR’S NOTE: Due to recent
changes in milk supply agreements, milk
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Airwilte, PA 5 -" 717-662-3607
Eour, PA *724-222-1184 1
LEBANON VALLEY IMPLEMENT
Richland, PA 717-866-7518
MESSICK FARM
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Abbottstown, PA 717-259-6617
LESLIE G. FOGG. INC.
Bridgeton, NJ 856-451-2727
import/export totals are not directly com
parable to year ago figures and to ship
ments prior to April 1,2003.
Regional Milk Market Administrators
announced the following, April 2003 un
iform prices: Northeast $11.45, Mideast
$10.47, Southeast $ll.Bl, Florida $12.%,
and Western New York (a state order)
$11.12 at the base city or county in the or
ders. (For the Northeast, Mideast, and
Western New York orders, statistical un
iform prices are reported.)
Cooler and/or rainy weather prevailed
over much of the region. Milk output had
been falling in the Deep South, but cooler
temperatures may slow the declines seen
in past weeks. In the Middle Atlantic
area, milk output is mostly steady at
near-peak levels. Farther north, the milk
flow is still increasing slowly toward its
peak. Traditionally, late May or early
June marks the top of the milk produc
tion cycle in the Northeast.
Fluid milk supplies are lighter, but still
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”* KHngemtown, PA 570-648-2088
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excessive in the Southeast, moderate to
heavy in the Northeast. Many Southern
schools will be recessing next week, while
Northern schools are typically open until
mid-June. Bottled milk demand is spotty.
Some contacts report lackluster milk or
ders and others indicate that bottlers have
added loads to their weekly milk orders.
Some bottlers expect that resort area or
ders will start to improve as Memorial
Day approaches. Manufacturing plant
contacts report that they remain busy, but
plant receipts are off slightly this week.
Should it be needed, plant capacity is
available. A few plant contacts noted that
they were “uncomfortably full on week
ends,” but working through their supply
problems.
The condensed skim market is little
changed. Spot demand has improved in
scattered instances, but overall, orders re
main slower than normal for this time of
year.
The fluid cream market is slightly
Taneytown, MD 410-751-1500
UMBERGER’S OP FONTANA
Lebanon, PA 717-867-5161
proved. Spot prices are up this week as
multiples did move slightly higher and
last week’s CME butter average increased
a half cent. Some suppliers note that or
ders have picked up as ice cream makers
increase output. Also, soft serve mix pro
ducers are stepping up output to meet an
ticipated demand after Memorial Day.
Bottlers and canned whipping cream
makers have taken more cream this week.
Cream cheese output is about steady, but
a few spot purchases were noted. Churn
ing activity remains heavy, but few loads
of excess cream are clearing to the Mid
west.
DAIRY PRODUCTS PRICES HIGH
LIGHTS:
CHEDDAR CHEESE prices received
for US 40 pound Blocks averaged $l.lO
per pound for the week ending May 3.
The price per pound decreased 0.2 cents
from the previous week. The price for US
500 pound Barrels adjusted to 38 percent
moisture averaged $l.lO per pound, up
0.7 cents from the previous week.
BUTTER prices received for 25 kilo
gram and 68 pound boxes meeting USDA
Grade AA standards averaged $1.07 per
pound for the week ending May 3. The
U.S. price per pound increased 0.4 cents
from the previous week.
NONFAT DRY MILK prices received
for bag, tote and tanker sales meeting
USDA Extra Grade or USPH Grade A
standards averaged 80.2 cents per pound
for the week ending May 3. The U.S.
price per pound decreased slightly from
the previous week.
DRY WHEY prices received for bag,
tote and tanker sales meeting USDA
Extra Grade standards averaged 14.8
cents per pound for the week ending May
3. The U.S. price per pound decreased 0.8
cents from the previous week.
HOG
NATIONAL FEEDER & STOCKER
CATTLE SUMMARY - Week Ending
May 9 Total Receipts:33l,4oo; last
week 417,300; last year 346,400. Direct
118,200; last week 85,400; last year
98,000. Video/Intemet 2,200; last week
73,300; last year 19,400. Auctions 211,000;
last week 258,600; last year 229,000. This
weeks reported auction volume included
48 percent over 600 lbs and 44 percent
heifers.
Randall G. Renninger
Certified Public Accountant
Specializing in agriculture and construction industries
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Lancaster Farming, Saturday, May 17, 2003-Al9
Dairy Products
Prices Highlights
Washington, D. C.
May 9,2003
Report Supplied By NASS/USDA
National Feeder Cattle
Weekly Review
St. Joseph, Mo.
Friday, May 9,2003
Report Supplied By USDA
800-774-0796
570-539 8993
Compared to last week, feeder and
Stocker cattle sold steady to 2.00 higher
with instances of 3.00 higher on both
calves and yearlings. Trends were very
consistent across the country as attitudes
are positive and demand is good for all
classes of grazers and feedlot replace
ments. Direct receipts from country trad
ing were very heavy this week as the wait
ing game came to an end for many
backgrounders who have been holding-on
to those heavy yearlings coming off of
graze-out wheat. This is one instance
where the waiting paid off as ample feed
lot vacancy has cattle feeders buying al
most as aggressively as they have been
selling. The average-length-of-stay has
decreased considerably and many of the
cattle heading up the feedlot loading
chutes are not much more than 200 lbs
heavier than the wheat yearlings heading
down the chutes.
The industry headed into this week
with one of the smallest herds of market
ready slaughter cattle in recent memory,
yet the USDAs Livestock Market News
Service reported the largest number of ne
gotiated sales since June 2001 at near
300,000 head through Mandatory Price
Reporting. The cattle feeders have all of
the bargaining power, although they have
been remarkably easy for the packers to
deal with at the current price levels. The
producers realize that they, got to this
point through aggressive marketing and
their not about to spoil the party by being
greedy. Besides, a 100.00 per head profit
is more significant on an 1150 lb steer
than it is on one weighing 1350 lbs, so
why spend an extra 100.00 per head to get
that steer to the point that they can ask
an extra dollar or two per hundred-weight
for it? All this excitement has these cattle
feeders bidding each other into some new
feeders that wont hedge. But, the futures
market has been chasing cash prices
throughout this rally and its starting to
look like the fed cattle market will stay
out of the 60s all summer. Profits on fats
and feeders have trickled down to the
Stocker market and backgrounders re
main aggressive. Luckily the supplies are
available with new-crop calf receipts at an
all-time high as more and more producers
realize the benefits of fall-calving. Mid
western salebams have beep flooded with
these bloomy bawlers as the cow/calf men
can cash-in now and keep their mammas
fat and happy this summer.
Deadly tornadoes ripped through many
areas this past week, destroying homes
and businesses and affecting many of our
cattle producers. Livestock markets in
southwest Missouri reported several con
signments of cattle, whose owners had
lost their homes and all of their livestock
facilities. In most cases the buyers made
room on their orders for a few extra dol
lars, thanks guys.
wn.7AtiAK MORGANTOWN
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