MD_DA431 Butter - Central U.S. Report 32 - Released on August 06, 2020 Butter plant managers and other contacts are notably concerned about current market bears. Some contacts expected butter market prices in the high $1.60s and/or $1.70s was the butter market price basement. Tuesday, after a $.1550 drop, butter market prices slipped into the low $1.40s. Butter producers say both retail and food service demand has edged back somewhat. Now, they are focusing on governmental contract purchases and producing for the fall demand season; churning remains busy. Although cream availability is reportedly not as ample as last week, current multiples are landing at similar points to last week. Prices for: Central U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter Bulk Basis Pricing - 80% Butterfat $/LB: +0.0200 - +0.0700 Information for the period August 3 - 7, 2020, issued weekly Secondary Sourced Information: The CME Group July monthly average price for Grade AA butter was $1.6925, compared to $1.8291 in June. DAIRY PRODUCTS REPORT – BUTTER SUMMARY Released August 4, 2020, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA). Butter Production – States and United States: June 2019 and 2020 Monthly Production (1000 pounds) Percent Change from June May June June May Region 2019 2020 2020 2019 2020 United States 154,848 177,966 150,018 -3.1 -15.7 Atlantic 14,824 16,370 14,335 -3.3 -12.4 Central 59,583 68,235 54,912 -7.8 -19.5 West 80,441 93,361 80,771 0.4 -13.5 California 45,524 55,557 49,225 8.1 -11.4 Butter Production – Cumulative Production January - June Cumulative Production Percent Change (1000 pounds) from Report Month 2019 2020 2019 June 1,049,166 1,122,858 7.0 COLD STORAGE – BUTTER SUMMARY Released July 22, 2020, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA). 6/30/20 Stocks in all Warehouses (1,000 pounds) as a percent of 6/30/19 5/31/20 6/30/20 6/30/19 5/31/20 Butter Stocks 326,297 375,777 361,643 111 96 Published by: Dairy Market News - Madison, WI ISRAEL WEBER, 608-422-8601 Email: israel.weber@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