MD_DA124 Butter/Butteroil - Oceania Report 33 - Released on August 18, 2022 Butter prices are mixed, with a slight uptick on the bottom range as prices fell at the top of the range. New Zealand production is expected to increase as milk volumes increase and as milk flows are diverted from whole milk powder to butter and skim milk powder production. While open interest is high in contracts through October, demand in general has declined with some buyers taking a wait and see attitude to fully digest the recent changes in market conditions. Oceania, 82% Butterfat, Free on Board - Port Butter Price Range - $/MT: 5,200 - 5,300 Information for the period August 8 - 19, 2022, issued biweekly Secondary Sourced Information: GLOBAL DAIRY TRADE At GDT event 314, on August 16, 2022, the butter all contracts price, $5,204, increased 0.2 percent. The September contract, $5,290, increased 0.8 percent. Published by: Dairy Market News - Madison, WI DANIEL JOHNSON, 608-422-8605 Email: daniel.johnson4@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