MD_DA124

     Butter/Butteroil - Oceania

     Report 5 - Released on January 30, 2020

     Butter prices in Oceania firmed. There has been distinct strength in Oceania butter prices
     through January. Butter demand is very active. Most anticipated Q1 contracts are final. Q2
     contracts are well into the final stretch. Butter made in Oceania is in tight supply.

     Oceania, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,225 - 4,250


     Information for the period January 20 - 31, 2020, issued biweekly

     Secondary Sourced Information:

     At GDT event 252 on January 21, the butter all contracts price, $4,250, increased 5.5
     percent. The February contract, $4,225, increased 5.9 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