Check out the latest market report for the week of April 02, 2024.

Wisconsin State Farmer
Wisconsin State Farmer
Weekly Market Report Roundup

Weekly market report for the week of April 2, 2024. Data compiled from state and national market sources.

Cattle

Altoona Equity Market: Mar. 28, 2024

FED CATTLE:

Choice Beef Steers & Heifers: 150.00 to 182.00.

Choice Dairy X-bred Steers & Heifers: 150.00 to 175.00.

High Yielding Choice Holstein Steers: 160.00 to 175.00.

Choice Holstein Steers: 150.00 to 164.00.

Select, Unfinished & Heavyweight Steers & Heifers: 149.00 & down.

CULL COWS:

Higher 20% sold for: 120.00 to 130.00.

60% sold for: 94.00 to 119.00.

Lower 20% sold for: 93.00 & down.

CULL BULLS:

Most Bulls: 110.00 to 140.00.

CALVES: Sold by the head.

80% of Holstein Bull Calves 95 lbs. & up: 400.00 to 700.00.

Quality Holstein Heifer Calves: 400.00 & down.

Quality Beef Calves: 500.00 to 980.00.

Light & Poor Quality Calves: 400.00 & down

Bonduel Equity Market: Apr. 01, 2024

FED CATTLE: Trending higher

High Yielding Choice Beef 165.00 to 183.00.

High Yielding Choice Holstein Steers: 140.00 to 173.00.

Choice Holstein Steers: 100.00 to 140.00.

Unfinished Steers & Heifers: 90.00 & down.

CULL COWS: Trending higher

Higher 20% sold for: 120.00 to 147.00.

60% sold for: 90.00 to 120.00.

Lower 20% sold for: 90.00 & down.

CULL BULLS: Steady

Most Bulls: 120.00 to 143.00.

Thin, Full Bulls, over a ton discounted: 120.00 & down.

CALVES: Sold by the pound. Steady

Holstein Bull Calves: 300.00 to 680.00.

Quality Holstein Heifer Calves: 30.00 & down.

Quality Beef Calves: 300.00 to 835.00.

Light & Poor Quality Calves: 100.00 & down, heavy discounts on light and poor quality.

FEEDER CATTLE: As of 03/21/24 sale.

Beef steers under 400 lbs: 280.00-300.00.

Beef steers 400-600 lbs: 222.50-280.00.

Beef steers 600-800 lbs: 222.50-252.00.

Beef steers over 800 lbs: 150.00-180.00.

Beef heifers under 400 lbs: 262.50-285.50.

Beef heifers 400-600 lbs: 230.00-260.00.

Beef heifers 600-800 lbs: 213.00-230.00.

Beef heifers over 800 lbs: 150.00-180.00.

Holstein steers up to 400 lbs: No test.

Holstein steers 400-600 lbs: 180.00-210.00.

Holstein steers 600-800 lbs: No test.

Holstein steers over 800 lbs: No test.

Johnson Creek Equity Market: Mar. 28, 2024

FED CATTLE: Steady

High Yielding Choice Beef Steers & Heifers: 150.00 to 184.00.

Choice Beef Steers & Heifers: 130.00 to 155.00.

High Yielding Choice Holstein Steers: 160.00 to 182.00.

Choice Holstein Steers: 130.00 to 152.00.

Select & Unfinished Cattle: 120.00 & down.

CULL COWS: Steady

20% sold for: 100.00 to 119.00.

60% sold for: 85.00 to 100.00.

Lower 20% sold for: 85.00 & down.

CULL BULLS: Steady

Most Bulls: 110.00 to 120.00.

Thin & Full Bulls, discounted: 90.00 & down.

CALVES, sold by the pound: Steady

60% of Holstein Bull Calves: 220.00 to 580.00.

Quality Dairy Heifer Calves: 80.00 to 140.00.

Quality Beef Calves: 600.00 to 800.00.

Light & Poor Quality Calves: 150.00 & down.

Lomira Equity Market: Apr. 01, 2024

FED CATTLE:

High Yielding Choice & Prime Beef Steers & Heifers: 174.00 to 180.00.

Choice Beef Steers & Heifers: 164.00 to 173.00.

Select, Low Yielding & Underfinished Beef Steers & Heifers: 159.00 & down.

X-bred Steers & Heifers: 164.00 to 177.00.

High Yielding Choice & Prime Holstein Steers: 166.00 to 174.00.

Choice Holstein Steers & Heifers: 156.00 to 165.00.

Low Yielding, Select & Underfinished Holstein Steers & Heifers: 100.00-150.00.

MARKET COWS:

High Yielding Cows: 115.00 to 135.00.

Cutters & Utility: 79.00 to 120.00.

Canners & Shells: 40.00 to 75.00

MARKET BULLS: Steady

High Yielding Bulls: 120.00 to 155.00.

Thin, Light & Over-Conditioned Bulls: 95.00 & down.

CALVES (03/12/24 Auction): Sold by the pound.

Quality Holstein Bull Calves weighing 90-110 lbs: 550.00 to 720.00.

Light Weight Calves: 350.00 to 550.00.

Quality Holstein Heifer Calves: 325.00-390.00.

Quality Beef and X-bred Bulls & Heifer Calves: Heifers 650.00-900.00; Bulls 720.00-980.00.

Poor Quality Calves: 300.00 & down

Monroe Equity Market: Apr. 01, 2024

FED CATTLE: Stronger

High Yielding Choice Beef Steers & Heifers: 185.00-193.00.

Choice Beef Steers & Heifers: 176.00-184.50.

Choice Dairy X-bred Steers & Heifers: 164.00-187.00.

High Yielding Choice Holstein Steers & Heifers: 165.00-176.50.

Choice Holstein Steers & Heifers: 150.00-164.50.

Unfinished Steers & Heifers: 149.00 and down.

Wednesday 03/27/24 Sale:

High Yielding Choice Beef Steers & Heifers: No test.

Choice Holstein Steers & Heifers: No test.

Unfinished Steers & Heifers: 149.00 and down.

CULL COWS: Steady

High Yielding Cows: 125.00 to 144.50.

Cutters & Utility: 97.00 to 124.50.

Canners & Shells: 96.50 & down.

SLAUGHTER BULLS: Steady

High Yielding Bulls: 135.00 to 155.00.

Thin, Light and Overconditioned Bulls: 132.00 & down.

CALVES:Sold by the pound. Steady

Quality Holstein Bull Calves: 450.00 to 750.00.

Light & Poor Quality Calves: 400.00 & down.

Quality Holstein Heifer Calves: 200.00-400.00.

Quality Beef & Beef X-bred Calves: bulls 1060.00 & down; heifers 960.00 & down.

Reedsville Equity Market: Mar. 28, 2024

FED CATTLE: Steady

High Yielding Choice Beef Steers & Heifers: 170.00 to 183.00.

Choice Beef Steers & Heifers: 158.00 to 169.00.

High Yielding Choice Holstein Steers: 160.00 to 170.00.

Choice Holstein Steers: 148.00 to 159.00.

Unfinished Steers & Heifers: 147.00 & down.

CULL COWS: Stronger

Higher 20% sold for: 116.00 to 135.00.

60% sold for: 90.00 to 115.00.

Lower 20% sold for: 89.00 & down.

CULL BULLS: Steady

Most Bulls: 110.00-152.00.

CALVES: Softer

Quality Holstein Bull Calves: Up to 660.00.

Quality Holstein Heifer Calves: Up to 350.00.

Quality Beef Calves: Up to 935.00.

Light & Poor Quality Calves: 40.00 & down.

FEEDER CATTLE: Results 03/28/2024

Holstein steers under 400 lbs: 150.00 to 195.00.

Holstein steers 400 to 600 lbs: 150.00 to 200.00.

Holstein steers 600 to 800 lbs: 150.00 to 195.00.

Holstein steers over 800 lbs: 120.00 to 180.00.

Stratford Equity Market: Apr. 01, 2024

FED CATTLE:

High Yielding Choice & Prime Beef Steers & Heifers: 162.00-172.00.

Choice Beef Steers & Heifers: 150.00 to 161.00.

High Yielding Choice & Prime Holstein Steers & Heifers: 155.00-168.50.

Select & Choice Holstein Steers & Heifers: 140.00 to 154.00.

Unfinished Steers & Heifers: 140.00 and down.

CULL COWS:

Higher 20% sold for: 115.00 to 133.00.

60% sold for: 90.00 to 114.00.

Lower 20% sold for: 90.00 & down.

Good certified organic cows (for slaughter): 150.00-168.00.

CULL BULLS:

Most Bulls: 125.00 to 140.00.

Thin, Full, Horned Bulls discounted: 120.00 & down.

CALVES, sold by the head:

Good to Top Quality Holstein Bull Calves: 500.00-790.00.

Top Quality Holstein Heifer Calves: 200.00 to 430.00.

Plain Quality Holstein Heifer Calves: 200.00 & down.

Quality Beef Calves: 800.00 to 990.00.

Light & Poor Quality Calves: 300.00 & down.

FEEDER CATTLE:

Beef Steers: Under 400 lbs: 250.00-370.00; 400 to 600 lbs: 250.00-290.00; 600 to 800 lbs: 200.00-240.00; Over 800 lbs: 140.00-220.00.

Beef Heifers: Under 400 lbs: 225.00-330.00; 400 to 600 lbs: 200.00-295.00; 600 to 800 lbs: 180.00-230.00; Over 800 lbs: 160.00-215.00.

Holstein Steers: Under 400 lbs: 190.00-245.00; 400 to 600 lbs: 180.00-245.00; 600 to 800 lbs: 170.00-245.00; Over 800 lbs: 160.00-210.00.

Milwaukee Stockyards: Apr. 01, 2024

COWS:

No Roll Cows: 115.00 to 135.00.

High Yielding Cutters & Utility: 90.00 to 115.00.

Cutters: 75.00 to 90.00.

Canners & Shells: 65.00 & down.

HOLSTEIN STEERS:

High Choice & Prime Holstein Steers, 1400-1600 lbs: 165.00 to 170.00.

Choice Holstein Steers: 160.00 to 165.00.

Select Steers: 130.00 to 140.00.

Unfinished Holstein Steers: 125.00 & down.

BEEF CATTLE:

Choice & Prime Angus Beef 1250-1600 lbs: 175.00 to 180.00.

Select Beef Steers & Heifers: 130.00 & down.

BULLS:

Premium Beef Bulls 1600-2000 lbs: 135.00 to 150.00.

Common to Good Bulls: 120.00 to 135.00.

REPLACEMENT CALVES:

Premium Bulls 100-120 lbs: 400.00 to 700.00.

Common to Good Bulls 80-100 lbs: 200.00 to 400.00.

Beef Bull Calves: 600.00 to 1025.00.

Beef Heifer Calves: 500.00 to 1000.00.

Dairy Heifer Calves: 100.00 to 400.00.

Boning Calves: 15.00 & down.

Premier Livestock: Apr. 01, 2024

MARKET COWS: Steady

Selling Every Monday, Tuesday, Wednesday, Thursday

High Yielding Cows: 115.00 to 130.00.

Most Market Cows: 95.00 to 115.00.

Low Yielding Cows: 94.00 and down.

FED MARKET STEERS AND HEIFERS: Steady/Stronger

High Choice & Prime Holstein Steers: 164.00 to 176.00.

Low Choice & Select Holstein Steers: 150.00-163.00.

Underfinished & Mixed Grading: 149.00 & down.

MARKET BULLS: Steady

High Yielding Bulls: 130.00 to 154.00.

Plainer Quality Bulls: 129.00 & down.

BABY CALVES: Steady

Most Holstein Bull Calves: 500.00-960.00.

Quality Beef Calves: 350.00 to 665.00.

Holstein Heifer Calves, Single Birth: 150.00-400.00.

Light and off quality calves: 200.00 & down.

Fennimore: Mar. 27, 2024

High Yield Slaughter Cows: 1.15-1.24/lb; Holstein Bulls & Calves: 95-120 lbs.: 6.00-7.40/lb; Light Weight & Poor Calves: 4.00-5.00/lb; Holstein Heifer Calves: 90-105 lbs.; 2.50-3.40/lb. Beef X-Bred Calves: 7.00-10.50/lb.

National Cattle Summary: Apr. 02, 2024

For Monday in the Southern Plains and Nebraska negotiated cash trade was at a standstill. In the Western Cornbelt negotiated cash trade was mostly inactive on light demand. Last week in the Texas Panhandle live FOB purchases at 186.00. Last week in Kansas negotiated live FOB purchases traded from 185.00-186.00. Last week in Nebraska live FOB purchases traded from 189.00-190.00 and dressed delivered purchases from 299.00-302.00. Last week in the Western Cornbelt live FOB purchases traded from 188.00-190.00, dressed delivered purchases traded from 299.00-300.00, on a very light test.

Dairy Cattle Summary

Reedsville Equity Market: Mar. 28, 2024

As of 03/07/24

Top Quality Springing Holstein Heifers: 1200.00 to 1800.00.

Plainer Quality Springing Holstein Heifers: 1150.00 & down.

Good Quality Shortbred Heifers: 700.00 to 1300.00.

Good Quality Springing & Recently Fresh Cows: 1100.00 to 1800.00.

Good Bred Back Milking Cows: 1100.00 to 1600.00.

Plain Quality & Common Cows: 500.00 to 1050.00.

Dehorned & Vaccinated Open Heifers, 350-550 lbs: 90.00 to 130.00/lb.

Dehorned & Vaccinated Open Heifers, 550-750 lbs: 90.00 to 120.00/lb.

Dehorned & Vaccinated Open Heifers, 750-950 lbs: 90.00 to 120.00/lb.

Central Livestock, Zumbrota, MN: Apr. 01, 2024

FINISHED CATTLE:

Finished Beef Steers: 180.00-194.00; Mixed Grading: 160.00-179.00.

Finished Beef Heifers: 180.00-194.00; Mixed Grading: 130.00-179.00.

Finished Dairy Steers: 160.00-173.00; Silage Fed, Heavyweight, Select Grade, Lightweight: 145.00-159.00.

MARKET COWS:

Mostly: 100.00-119.00; Thin/shelly/full/overfed cows: 99.00 & down; Market Bulls: 134.00-158.00.

Bred Beef Cows & Heifers: N/A.

Calves: 95-125 lbs: 500.00-600.00/cwt; 150-250 lbs: 245.00/cwt; Beef Calves: 625.00-1000.00/cwt; Lighter, Weaker, Younger Calves: 490.00 & down.

FEEDER CATTLE:

Beef Steers: under 600 lbs: Up to 270.00/cwt; 600-800 lbs: Up to 224.00/cwt; 800-1000 lbs: Up to 182.50; Beef Heifers: under 600 lbs: Up to 255.00/cwt; 600-800 lbs: Up to 222.50/cwt; 800-1000 lbs: N/A.

Holstein Steers: under 400 lbs: N/A; 400-600 lbs: N/A; 600-800 lbs: N/A; 800-1000 lbs: Up to 157.50.

Eastern Corn Belt Direct, Feeder Cattle Summary (IL, IN, MI, MN, OH and KY): Mar. 29, 2024

Compared to last week: No Current FOB trades this week for a trend. Demand moderate. Supply included: 100% Feeder Cattle (42.9% Steers, 57.1% Heifers). Feeder cattle supply over 600 lbs was 100%. Unless otherwise noted, Feeder Cattle prices FOB based on net weights after a 2-3% shrink or equivalent, with up to a 15 cent slide > 600 lbs. Livestock reported this week originated from KY.

Sheep & Lambs

Fennimore: Mar. 27, 2024

Bucks: 0.90-1.25/lb.; Ewes: 0.65-1.10/lb.; Feeding Lambs (45-60 lbs): 2.10-2.80/lb; Feeding Lambs (60-80 lbs): 1.50-1.75/lb.

Johnson Creek Equity Market: Mar. 28, 2024

Lambs: 100 lbs and up: 120.00-230.00; 100 lbs and down: 110.00-250.00; Ewes: 75.00-110.00; Bucks: 70.00-115.00.

Lomira Equity Market: Apr. 01, 2024

As of 03/23/24: Finished Market Lambs: 170.00-225.00; Lambs: 65 lbs and down: 240.00-300.00; 70 to 100 lbs: 190.00-225.00; Ewes: 80.00-110.00; Bucks: 90.00-110.00.

Monroe Equity Market: Apr. 01, 2024

As of 03/27/24: Finished Market Lambs: 1.50-2.00; Feeder Lambs: 2.00-2.25/lb.; Cull Ewes: .60-1.00; Cull Rams: 1.00-1.05.

Stratford Equity Market: Apr. 01, 2024

As of 03/20/24: Feeder Lambs: 1.20-1.50; Market Lambs: .90-1.30; Cull Ewes: 0.25-.30; Cull Rams: .60-.70.

Central Livestock, Zumbrota, MN: Apr. 02, 2024

Feeder Lambs: 50-70 lbs: 230.00-260.00/cwt; 70-90 lbs: 250.00-265.00/cwt; Over 90 lbs: 240.00-262.50/cwt.

Fed Lambs 125-155 lbs: Shorn: N/A; Unshorn: N/A.

Utility & Good Ewes: 85.00-115.00; Thin & Cull Ewes: Up to 80.00; Yearling Ewes: No test.

Goats

Fennimore: Mar. 27, 2024

Slaughter Nannies: 1.00-1.45/lb.

Slaughter Billies: 1.30-1.95/lb.

Slaughter Kids (Dairy): 2.00-2.40/lb.

Slaughter Kids (Boer): 3.00-4.30/lb

Johnson Creek Equity Market: Mar. 28, 2024

Young Goats 80 lbs & up: 280.00 & down

Young Goats 60-80 lbs: 250.00 & down.

Young Goats under 60 lbs: 250.00 & down.

Cull Goats: 180.00 & down.

Lomira Equity Market: Apr. 01, 2024

As of 03/23/2024:

Fed Goats: 160.00 to 200.00.

Dairy Kids: 150.00 to 240.00.

Boer Kids: 240.00 to 300.00.

Cull Goats: 80.00-120.00.

Monroe Equity Market: Apr. 01, 2024

As of 03/27/24: Goats sell by the head.

Dairy Goats 40-80 lbs: 50-140.

Meat Goats 40-80 lbs: No test.

Meat Goats over 80 lbs: No test.

Cull Nannies & Billies: 220.00 & down.

Hogs

USDA Hog Report: Mar. 29, 2024

Compared to last week: Early weaned pigs 1.00 to 2.00 per head lower and feeder pigs 4.00 per head higher. Demand moderate for moderate offerings.

Lomira Equity Market: Apr. 01, 2024

Feeder Pigs: 40-60 lbs: Call for availability.

Hogs: Heavy Sows: 52.00-55.00; Light Sows: 48.00-51.00; Boars: 20.00; Butcher Hogs: 60.00.

Johnson Creek Equity Market: Mar. 28, 2024

Butchers hogs 250# up: 40.00-55.00; 170#-249#: 40.00-65.00; Light Sows: 30.00-45.00; Heavy Sows: 25.00-48.00; Boars: 5.00-10.00; Feeder Pigs: 5.00-40.00.

Stratford Equity Market: Apr. 01, 2024

Butchers: 56.00-62.00; Sows: 57.00-59.00; Boars: 24.00 and down; Slaughter Pigs: No test; Feeder Pigs, 25-35 lbs: 15.00/head; 45-55 lbs: 27.00/head; 60-70 lbs: No test; 70-80 lbs: 48.00/head; over 85 lbs: No test.

Central Livestock, Zumbrota, MN: Apr. 02, 2024

Feeder Pigs: 50 lbs and under: Up to 40.00/hd; 50-60 lbs: Up to 65.00/hd; 60-80lbs: Up to 85.00/hd; 80-100 lbs: Up to 95.00/hd; 100-150 lbs: Up to 155.00/hd.

Future prices for commodities for the week beginning April 2, 2024.

Grains

Cargill La Crosse: Mar. 19, 2024

CORN/SOYBEANS

May: 4.2650/11.7400

July: 4.4100/11.8775

Aug: -------/11.8750

Sept: 4.5275/11.7400

Nov: -------/11.7700

Dec: 4.6800/-------

Jan.’25: ------/11.8900

Mar.: 4.8100/11.8875

May: 4.8800/11.9225

July: 4.9150/11.9775

Eggs

USDA Egg Report: Apr. 02, 2024

Midwest delivered and producer prices are steady. The undertone is steady to barely steady. Demand is moderate on light to instances moderate offerings. Supplies are light to moderate. The Midwest shell egg inventory increased 0.6% compared to last week. Market activity is moderate to active.

Extra Large: 2.46-2.48; Large: 2.44-2.46; Medium: 2.33-2.35

Hay

Fennimore: Mar. 25, 2024

Large Square Hay: 190.00-245.00/ton; Lg. Round Dairy Quality Hay: 180.00-230.00/ton; Sm. Square Hay:4.00-5.75/bale; Corn Fodder: 22.50-45.00/bale; Dry Cow Hay: 170.00-200.00/ton; Large Square Straw: 50.00/bale.

Lomira Equity Market: Apr. 01, 2024

Every Friday at noon:

Small Squares Hay: 2.00-5.00/bale; Large Squares Hay Alfalfa: 80.00-100.00/bale; Large Squares Mix: 50.00-70.00/bale; Large Square Grass: 40.00-60.00/bale; Large Rounds Alfalfa Quality: 60.00-75.00/bale; Large Rounds Mix: 40.00-60.00/bale; Large Rounds Grass: 40.00-50.00/bale; Small Wheat Straw: 1.00-2.00/bale.

Stratford Equity Market: Apr. 01, 2024

Sale first and third Tuesday each month (as of 03/26/24):

Large Square grass mix: 80.00-90.00/bale.

Large Square Hay Bales, 2nd and 3rd Crop Alfalfa: 95.00-115.00/bale.

Large Square Bales, Rye Straw: 70.00-80.00/bale.

Sm. Round Bales, Grass: 60.00-70.00/bale.

Alfalfa Rounds, 2nd & 3rd Crop: 80.00-110.00/bale.

Small Square Straw Bales: 3.00-3.25/bale.

Small Square Hay Bales: 4.25-5.00/bale.

Tim Slack Auction & Realty, Hay & Bedding Report: Apr. 2, 2024

Hay, lg. Square: Premium: 275.00/ton; Good: 190.00-260.00/ton; Hay, Lg. Round: Good: 180.00-205.00/ton; Fair: N/A; Wrapped 70.00-160.00/ton.; Hay, small square: N/A.

Straw, lg. square: Good, 60.00/bale; Sm. square: Good: 4.75/bale.

Grass, lg. square: N/A; Lg. round: Good: 100.00/ton; Sm. square: N/A.

Reedsville Equity Market: Mar. 27, 2024

High Quality 1st Crop Hay: 150.00-210.00/ton; Low Quality Hay: 100.00/ton & down; High Quality 2nd & 3rd Crop Hay: 160.00-220.00/ton; High Quality Straw: 80.00-150.00/ton.

Cash futures for Class III milk for the week beginning April 2, 2024.

Dairy

Weekly Animal Feed, Central U.S.:Mar. 28, 2024

Dry whey prices slid lower at most points on the range and mostly series. Market tones continue to run into bearish headwinds. A number of manufacturers in the region continue to suggest stores are not loose, but demand tones are simply tepid. Milk availability is growing and is expected to continue to increase in line with seasonal patterns. Spot milk prices moving into Class III channels are exclusively below Class III levels in the Upper Midwest. Animal feed whey trading was quiet, as prices moved lower across the range.

  • Prices for Central U.S., All First Sales, FOB, Conventional and Non-Edible Dry Whey Price Range Animal Feed, $/lb: .3000 - .3300.
  • Prices for Central U.S., All First Sales, FOB, Extra Grade & Grade A, Conventional and Edible Dry Whey Price Range: Non-Hygroscopic, $/lb: .3500 - .4800; Mostly Range: Non-Hygroscopic, $/lb: .3850- .4300.

Dairy Market Review

Mar. 29, 2024

BUTTER: Grade AA closed at $2.8425. The weekly average for Grade AA is $2.8438 (+0.0228).

CHEESE: Barrels closed at $1.4275 and 40# blocks at $1.4175. The weekly average for barrels is $1.4288 (-0.0492) and blocks $1.4194 (-0.0086).

CHEESE HIGHLIGHTS: Eastern cheese plant managers relay steady production schedules. Retail cheese demand is noted to be seasonally steady. Overall market tones remain bearish as demand is light, and cheese inventories are ample. Cheese demand in the Midwest is noted to be more active than recent weeks. Milk availability is loose, and spot load prices were exclusively reported below Class III. Block inventories are comfortable.

BUTTER HIGHLIGHTS: Contacts in the East and West note butter demand for the spring holidays has been robust. On the other hand, demand in the Central region is steady, but some contacts say holiday orders were lighter than last year. Unsalted butter is sought after across the country. Some manufactures in the East say they are storing butter for later in the year, while others suggest they are limiting their churning and selling the butter on the spot market. In West and Central markets, cream is available for production with an expected push as retail customers replenish their pipelines. The NASS Cold Storage report revealed February 2024 butter stocks were up 19 percent from January 2024 and up 1 percent from February 2023. Bulk butter overages range from 3 to 12 cents above market, across all regions.

FLUID MILK HIGHLIGHTS: Farm level milk production is trending steady to higher throughout the country. In the Midwest, officials identified an illness affecting herds in Texas and Kansas as Highly Pathogenic Avian Influenza (HPAI). Officials share there is no threat to the public, and they do not expect milk shortages as a result of the illness. Processors in the upper Midwest note strong milk production and component levels. Spot milk prices were reported at $6-under to $0.50-under Class III. Some spot milk prices were reported at $4-under Class III. Milk production in Oregon and Washington is steady to stronger. Cream multiples for all Classes are 1.10-1.35 in the East, 0.90-1.24 in the Midwest, and 1.05-1.20 in the West.