MD_DA124

     Butter/Butteroil - Oceania

     Report 43 - Released on October 24, 2019

     Butter prices in Oceania are steady to higher. Demand within Australia is very good.
     Manufacturers there are striving to keep domestic customers stocked. New Zealand production
     is believed to be increasing, benefitting from milk availability. However, the balancing
     between keeping churns busy and meeting strong WMP demand continues.

     Oceania, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,050 - 4,225


     Information for the period October 14 - 25, 2019, issued biweekly

     Secondary Sourced Information:

     At GDT event 246 on October 15, the butter all contracts price, $4,105, decreased 0.4
     percent. The November contract, $4,205, increased 1.2 percent.
     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: Eric.Graf@usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: https://www.ams.usda.gov/market-news/dairy
     DMN MARS (My Market News): https://mymarketnews.ams.usda.gov