Today’s commodity report: Fluid Milk and Cream Review, California F.O.B. Price for Extra Grade and Grade A Nonfat Dry Milk, California Shell Eggs: Daily Egg Report, Shell Eggs: Daily National Egg Market and other commodity end of the day market numbers.
Fluid Milk and Cream Review
Farm milk output is slowly improving in California. Daytime temperatures below 95 degrees are supporting cows’ comfort. Manufacturing milk supplies are adequate for post-holiday orders. Class 1 sales are steady to lower as the schools’ pipelines are at comfortable levels. Sales into Class 3 are lower as interest for ice cream and frozen desserts is steadily decreasing. The August 4a price (butter/powder) in California is $13.99, down 24 cents from the previous month, but 91 cents higher from a year ago. This compares to the Federal Order Class IV price of $14.65 for August. The August 4b price (cheese) is $16.34, up $1.67 from the previous month and 60 cents above a year ago. This compares to the Federal Order Class III price for August at $16.91.
Western condensed skim demands from NDM and SMP processors are strong. Meanwhile, interest from ice cream manufacturers is steadily decreasing. Condensed skim manufacturing is ongoing, while supplies are slightly lower.
Western cream supplies are mostly steady. Demands from churn operators and cream cheese makers are active. Less cream volumes are moving into ice cream manufacturing as interest for ice cream continues waning. Multiples for all classes are slightly lower, ranging from 1.17 to 1.29.
Dairy Products: According to NASS, hard ice cream production in the West region for July 2016 is 16.3 million gallons, 19.4% below a year ago and 14.4% lower than the previous month.
California F.O.B. Price for Extra Grade and Grade A Nonfat Dry Milk
|Week Ending||Avg. Price($/lb.)||Total Sales (lb.)|
|September 2, 2016||$0.8460||10,962,954|
|August 26, 2016||$0.8518||6,397,210|
Prices are weighted averages for Extra Grade and Grade A Nonfat Dry Milk, f.o.b. California manufacturing plants. Prices for both periods were influenced by effects of long-term contract sales. Compiled by Dairy Marketing Branch, California Department of Food and Agriculture.
California Shell Eggs: Daily Egg Report
Prices are unchanged. The undertone is usually lower. Offerings are moderate. Retail demand is light to moderate with food service movement mostly moderate. Supplies are light to moderate. Market activity is slow.
Shell egg marketer’s benchmark price for negotiated egg sales of USDA Grade AA and Grade AA in cartons, cents per dozen. This price does not reflect discounts or other contract terms.
Shell Eggs: Daily National Egg Market
New York prices are 3 cents lower on Extra Large and Large, unchanged on Medium. California and regional prices are steady. The undertone is steady to lower. Retail and distributive demand is in a full range, mostly moderate, best where ads are active. Offerings are moderate to heavy. Supplies are also moderate to heavy, at times light in California. Market activity is slow to moderate. Breaking stock demand is light; supplies are moderate. Light type fowl supplies are more than adequate for normal processing schedules.
Check the September USDA Commodity Report Calendar for today’s commodity reports released by USDA.
Today’s Commodity Market ending market numbers:
December Corn ended at $3.38 1/2 gaining 5 1/4 cents, March ended at $3.48 1/2 up 5 1/2 cents.
November Soybeans ended at 9.76 3/4 increasing 1 1/4 cent, January ended at 9.80 1/2 gaining 1 1/2 cent.
December Wheat ended at $4.06 up 3 1/4 cent, March ended at $4.27 1/4, increasing 5 cents.
November Rough Rice ended at 9.54 losing 0.02, January ended at 9.80 down 0.015.
October Feeder Cattle ended at $101.40 gaining $1.025 and December ended at $102.60 decreasing $1.60 and February ended at $103.225 down $1.275.
September Feeder Cattle ended at $131.60 losing $1.55 and October ended at $128.50 decreasing $2.25 and November ended at $126.275 down $2.125.
October Lean Hogs ended at $61.00 up $0.125, December ended at $55.475 gaining $0.10.
Class III Milk
September Class III Milk ended at $16.58 losing $0.23, October ended at $16.81 down $0.36, November ended at $16.69 decreasing $0.33.
December #2 Cotton ended at 69.29 down 0.25, March ending at 69.60 losing 0.16.
October sugar #11 ended at 20.22 decreasing $0.07, March ended at 20.88 down $0.02.
November Orange Juice ending at 195.75 up $4.45, January ended at 193.90 gaining $4.50.