UPPER MIDWEST DAIRY NEWS

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1 Federal Milk Market Administrator U.S. Department of Agriculture UPPER MIDWEST DAIRY NEWS Victor J. Halverson, Market Administrator Volume 17, Issue 5 Upper Midwest Marketing Area, Federal Order No. 30 May 2016 Inside This Issue: Survey of Disposition by Container Size and Type... 2 Pool Statistics... 3 Computation of Producer Price Differential... 4 Utilization and Classification... 5 Commodity Prices and Market Statistics... 6 Class Prices and Producer Prices... 7 Chicago Mercantile Exchange Dairy Commodity Update Prices for cheddar cheese on the Chicago Mercantile Exchange (CME) have been declining over the last two months after four months of very little movement. The price of butter, on the other hand, has continued to hover around $2.00 per pound since declining from near $3.00 per pound late last year. The CME barrel cheese price on May 16 was $1.33 per pound, down 8 from April 15, and the 40-pound block price of $1.28 per pound was down The barrel price was also below the year-earlier level, while the block price was down On May 16, the CME butter price closed at $ per pound, down from April 15, but above a year ago. On May 16, the CME nonfat dry milk price closed at $0.81 per pound, up from April 15, but above a year ago. The April Federal Order Class III price was $13.63 per cwt., down $0.11 from March, and $2.18 below April The May 2016 CME Class III futures price on May 16 was $12.74 per cwt., with June through December 2016 ranging from $12.37 to $14.86 per cwt. Chicago Mercantile Exchange - Selected Commodity Prices * Butter reached record high of $3.1350/lb. on September Cheese Barrels Cheese Blocks NFDM Grade A 0.50 l MAY l JUN l JUL l AUG l SEP l OCT l NOV l DEC l JAN l FEB l MAR l APR l MAY *Prices depicted are per pound for each day that trading occurred from May 1, 2015 to May 16, Ø In April, producer milk totaled 3.2 billion pounds, up 66 million pounds from March, and 905 million pounds above April Ø Class I utilization totaled 283 million pounds, down 0.8% from March on a daily basis. Class I usage accounted for 8.9% of producer milk. Ø Class III utilization totaled 2.6 billion Pool Summary pounds and accounted for 81.0% of producer milk. Ø The April Producer Price Differential (PPD) was $0.15 per cwt. Ø The April Statistical Uniform Price was $13.78 per cwt., down $0.06 from March, and $2.06 below April Ø Market statistics for April are shown on Pages 3, 4, and 5. April 2016 Producer Milk by Class Product Percent Pounds Price $/cwt. Class I ,379, Class II ,702, Class III ,587,295, Class IV ,220, Total 3,192,598,154

2 Page 2 UPPER MIDWEST DAIRY NEWS Volume 17, Issue 5 November 2015 Fluid Milk Product Disposition by Container Size and Type Fluid milk product distribution (sales) in the Upper Midwest Marketing Area was surveyed for November 2015 with respect to method of distribution and size and type of container. Following is a summary of the results of the survey. November 2015 Fluid Milk Product Distribution * This is the eighth survey conducted for the Upper Midwest Order since order consolidation and reform in January The most recent survey was for November 2013, and was reported in the June 2014 Upper Midwest Dairy News. Comparisons will be made in this article between the 2015 survey and earlier surveys. The survey was divided into three categories: size of container - gallon, half-gallon, etc.; type of container - paper, plastic, or glass; and method of distribution - wholesale or home delivered. By Container Size Half Gallon 16% Half Pint 10% Other 3% Quart 2% Wholesale includes all distribution of fluid milk products on routes other than home delivery. This would include sales through convenience stores and supermarkets as well as sales to schools and restaurants. Size of Container In November 2015, gallons accounted for 69% of the total pounds of fluid milk product distribution, as shown to the right, followed by half-gallons at 16%, half-pints at 10%, and quarts at 2%. The remaining 3% of fluid milk product distribution was accounted for by all other sizes combined. From November 2013 to November 2015, distribution of gallons decreased 1% in percentage terms, while the halfgallon category remained unchanged and the half-pint category increased 1 percentage point. Compared to the November 2001 survey, gallon distribution increased 3 percentage points, while half-gallons dropped 2 percentage points. Type of Container Paper includes all products sold in wax-coated or plasticcoated paper containers, including foil-lined UHT paper containers. Plastic includes all products sold in rigid blow-mold or thermo-formed plastic containers, single-serve round (milk bottle shaped) containers, plastic-lined boxes, and plastic pouches. Historically, plastic containers have been increasing as a percentage of total distribution. In November 2015, plastic containers accounted for 84% of total distribution, a 1% decrease in from 2013, but still a 4 percentage point increase from Paper and glass accounted for the remaining 16% of total distribution in Plastic 84% Gallon 69% By Container Type * As a percentage of total pounds distributed. Paper and Glass 16%

3 Volume 17, Issue 5 UPPER MIDWEST DAIRY NEWS Page 3 Distribution of paper and glass have been combined since 2005 because of restricted information. Distribution in glass accounted for slightly over 1% of total distribution in Type of Container Within Container Size Gallon containers were exclusively sold in plastic in November 2015, no change from any of the earlier surveys, as shown in the table below. Disposition of half-gallons in plastic containers accounted for 65% of all half-gallons sold, unchanged from November 2013 but 10 percentage points above Paper and glass accounted for the remaining 35% of all half-gallons sold. (All of the glass containers sold were the half-gallon size.) Distribution of quarts in plastic accounted for 62%, with 38% sold in paper. This represents an 8 percentage point increase in plastic from Distribution of half-pints in paper accounts for 94% of all half-pints sold. In the survey, information on disposition of conventional, extended shelf life (ultra pasteurization or asceptic pasteurization), and organic milk is obtained. In November 2015, milk sold as organic accounted for 5.8% of fluid sales, while extended shelf life accounted for 1.6%, and conventional fluid milk accounted for a significant majority of 92.6%. Method of Distribution In November 2015, home delivery accounted for just over 1% of total route disposition, a slight increase from the last two surveys. Distribution through wholesale outlets accounted for the remaining 99%. The volume of route disposition from home delivery in November 2015 was slightly above 3.2 million pounds, up 0.9 million pounds from November 2013, but well down from 5.3 million pounds in November Gallon Percent Percent Percent Percent Percent Percent Percent Percent Plastic Paper & Glass Half-Gallon Plastic Paper & Glass Quart Plastic Paper & Glass Half-Pint Plastic * Paper & Glass * All Other Distribution by Type of Container Within Container Size Plastic Paper & Glass * Revised. Upper Midwest Pool Statistics - April 2016 Market Class I Diverted to Location Differential Pool Received at Pool and Adjustment to Class I Differential Rate Plants Pool Plants Nonpool Plants Total Producers to Handlers Cwt. Number Pounds Pounds Pounds Value Pounds Value $ ,751,954 10,224,166 97,976,120 $ 0 81,939,174 $ 1,474,905 $ ,012,809 1,342,436,356 1,447,449, ,725 63,791,950 1,116,359 $1.70* ,936,054 1,363,302,079 1,582,238,133 1,582, ,597,072 2,084,150 $ ,273,251 46,661,485 64,934,736 97,402 15,051, ,344 Total ,974,068 2,762,624,086 3,192,598,154 $ 2,403, ,379,329 $ 4,923,758 *$2.00 zone totals combined with 1.70 zone.

4 Page 4 UPPER MIDWEST DAIRY NEWS Volume 17, Issue 5 Computation of Producer Price Differential - April 2016 Utilization Product Component Percentage Pounds Pounds Rate Value Class I Differential Value $ 4,923, Product 8.9% 283,379,329 Skim Milk 278,934,060 $ ,349, Butterfat 4,445, ,826, Class II Product 5.5% 175,702,810 Nonfat Solids 15,238, ,972, Butterfat 10,272, ,058, Class III Product 81.0% 2,587,295,451 Protein 80,821, ,115, Other Solids 148,815, ,277, Butterfat 93,868, ,040, Class IV Product 4.6% 146,220,564 Nonfat Solids 12,134, ,762, Butterfat 13,952, ,219, SCC Adjustment (Class II, III, and IV) 3,381, Total Producer Milk * 3,192,598,154 $ 472,928, Add: Overage 50, Inventory Reclassified (29,893.57) Other Source Milk.60(h) 0.00 Other Source Milk.60(i) 104,768 1, Subtract: Transportation Credit 6, Assembly Credit 226, Credit for Reconstituted FMP 0.00 Producer Milk Protein 183,475, Producer Milk Other Solids 8,959, Producer Milk Butterfat 274,193, Producer Milk SCC Adjustment 3,729, Total Milk and Value 3,192,702,922 $ 2,419, Add: Location Adjustment -- Producer and Unregulated Supply Plant Milk 2,403, One-Half Unobligated Balance Producer Settlement Fund 1,495, Total Value $ 6,319, Subtract: Producer Settlement Fund Reserve ,530, Producer Price Differential ** $ 0.15 $ 4,789, * An estimated 270 million pounds of milk was not pooled. ** Producer Price Differential is dollars per cwt. at the Base Zone of Cook County, Illinois.

5 Volume 17, Issue 5 UPPER MIDWEST DAIRY NEWS Page 5 Utilization and Classification of Milk April 2016 March 2016 April 2015 Product Butterfat Product Product Pounds Pounds Pounds Pounds Class I Utilization: Packaged Disposition Milk 47,692,118 1,567,281 49,064,877 44,897,004 Flavored Milk 2,375,252 78,277 2,446,256 2,550,332 Reduced Fat Milk 101,946,120 1,973, ,738, ,826,623 Lowfat Milk 53,177, ,978 54,089,507 54,691,712 Fat Free Milk 47,971,860 44,243 48,696,638 54,035,246 Flavored Reduced and Fat Free Milk 29,303, ,643 28,684,697 29,615,248 Buttermilk 2,908,321 46,484 3,583,227 3,143,534 Total Packaged Disposition 285,374,464 4,395, ,303, ,759,699 Total Ending Inventory 21,897, ,043 22,406,546 21,096,391 Bulk to Nonpool Plants 267,540 4,261 1,595, ,277 Shrinkage 1,784, , ,314 1,460,371 Total Class I Utilization 309,324,006 4,832, ,194, ,537,738 Other Order Plants (2,059,845) (38,308) (2,054,006) (2,324,400) Beginning Inventory (22,776,880) (337,127) (19,204,606) (21,541,528) Reused Products Other Source Milk (716,276) (7,965) (618,354) (620,738) Overage Interhandler Adjustment (391,676) (4,284) (2,192) (53,119) Class I Producer Milk 283,379,329 4,445, ,315, ,997,953 Class II Utilization: Total Class II Utilization 186,827,670 10,945, ,183, ,028,534 Other Order Plants Beginning Inventory (976,243) (60,767) (713,562) (1,357,068) Reused Products (9,451,740) (11,337) (6,727,881) (9,824,273) Other Source Milk (696,877) (600,171) (121,109) (675,647) Overage Class II Producer Milk 175,702,810 10,272, ,620, ,171,546 Class III Utilization: Total Class III Utilization 2,593,650,263 93,988,874 2,515,980,812 1,722,810,729 Other Order Plants (13,256,799) Beginning Inventory (2,452,830) (56,180) (3,816,579) (5,749,902) Reused Products Other Source Milk (3,769,936) (56,604) (2,194,995) (3,715,017) Overage (132,046) (7,263) (134,169) (53,961) Class III Producer Milk 2,587,295,451 93,868,827 2,509,835,069 1,700,035,050 Class IV Utilization: Total Class IV Utilization 234,107,275 17,435, ,990, ,819,652 Other Order Plants (4,259,782) (236,817) (5,099,287) (10,123,841) Beginning Inventory (19,355,979) (807,745) (19,604,030) (16,685,520) Reused Products Other Source Milk (64,231,898) (2,434,616) (67,241,997) (85,939,504) Overage (39,052) (4,234) (11,363) (19,587) Class IV Producer Milk 146,220,564 13,952, ,033, ,051,200 Total Producer Milk -- All Classes 3,192,598, ,539,227 3,126,804,700 2,287,255, Restricted Information

6 Page 6 UPPER MIDWEST DAIRY NEWS Volume 17, Issue 5 Commodity Prices Weighted Monthly Average Prices Weighted Two-Week Average Prices Cheddar Cheese Nonfat Cheddar Cheese Nonfat Month/Year Blocks Barrels Average Butter Dry Milk Dry Whey Blocks Barrels Average Butter Dry Milk Dry Whey Dollars per Pound Dollars per Pound Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr Chicago Mercantile Exchange USDA Dairy Market News Butter Cheddar Cheese NFDM NFDM Low/Medium Heat Whey Powder Month/Year Grade AA Blocks Barrels Grade A Central & East West Northeast Central West Dollars per Pound Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr Market Statistics Total Est. Average Other Weighted Distributing Supply Coop.9(c) Producer Daily Delivery Class I Butterfat Protein Solids Average Month/Year Plants Plants Handlers Producers Milk Per Producer Utilization Test Test Test SCC Mil. lbs. Pounds Percent Percent Percent Percent (000) Feb ,846 2,911 8, Mar ,549 2,644 8, Apr ,646 2,287 7, May ,701 2,307 7, Jun ,417 2,067 7, Jul ,092 1,864 6, Aug ,141 2,013 7, Sep ,227 2,443 7, Oct ,718 2,747 8, Nov ,997 2,848 8, Dec ,233 3,079 8, Jan ,432 3,256 9, Feb ,225 3,101 9, Mar , Apr ,

7 Volume 17, Issue 5 UPPER MIDWEST DAIRY NEWS Page 7 Class Prices Class I Price Mover Class I Price at Cook County, IL Class II Price Skim Skim Nonfat Skim Month/Year Butterfat Milk 3.50% Butterfat Milk 3.50% Butterfat Solids Milk 3.50% lb. cwt. cwt. lb. cwt. cwt. lb. lb. cwt. cwt. Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Class III Price Class IV Price Other Skim Nonfat Skim Month/Year Butterfat Protein Solids Milk 3.50% Butterfat Solids Milk 3.50% lb. lb. lb. cwt. cwt. lb. lb. cwt. cwt. Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr Producer Prices Producer Statistical SCC Producer Price Uniform Price Other Solids Adjustment Mailbox Price Month/Year Differential (at 3.50%) Butterfat Price Protein Price Price Rate (at test) $ per cwt. $ per cwt. $ per lb. $ per lb. $ per lb. $ per cwt. $ per cwt. Feb Mar Apr May Jun (0.10) Jul Aug (0.02) Sep Oct Nov Dec Jan Feb Mar Apr

8 FEDERAL MILK MARKET ADMINISTRATOR U.S. DEPARTMENT OF AGRICULTURE 1600 W. 82nd St., Suite 200 Minneapolis, MN Address Service Requested FIRST-CLASS MAIL U.S. POSTAGE PAID HOPKINS, MN PERMIT NO. 586 Summary of Federal Order Data - April 2016 Uniform or Statistical Uniform Price at 3.5% Butterfat Class I Producer FOB Change From Federal Order Producer Producer Class I Class I Price FOB Cook Cty. Previous Number / Name Deliveries Receipts Utilization Price Differential Market Illinois Year Thousand Pounds Percent Dollars per Cwt. Dollars per Cwt. 1 Northeast 2,265, , $16.99 $1.22 $14.85 $13.40 $(1.66) 5 Appalachian 486, , n/a (1.63) 6 Florida 231, , n/a (1.66) 7 Southeast 493, , n/a (1.99) 30 Upper Midwest 3,192, , (2.06) 32 Central 1,390, , (1.71) 33 Mideast 1,745, , (1.68) 124 Pacific Northwest 580, , (1.19) 126 Southwest 1,256, , (1.67) 131 Arizona 445, , n/a (1.43) All Market Average or Total * 12,087,737 3,400, n/a = Not applicable. * May not add due to rounding. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, age, disability, and where applicable, sex (including gender identity and expression), marital status, familial status, parental status, religion, sexual orientation, political beliefs, genetic information, reprisal, or because all or part of an individual s income is derived from any public assistance program. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA s TARGET Center at (202) (voice and TDD). To file a complaint of discrimination, write to USDA, Director, Office of Civil Rights, 1400 Independence Avenue, S.W., Washington, D.C , or call (800) (voice) or (202) (TDD). USDA is an equal opportunity provider and employer. ND MI Upper Midwest Marketing Area F.O. 30 SD MN WI Phone: (952) Fax: (952) IA IL Website:

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