MD_DA431 Butter - Central U.S. Report 27 - Released on July 06, 2022 Regionally, butter contacts are relaying similar post-holiday sentiments as they passed along ahead of the holiday weekend. Cream is steadily available. That said, butterfat components are seasonally sliding lower. However, some contacts say weather in the upper Midwest has yet to put a notable dent in available cream. Clearly, holiday related days off at cream end usage facilities, butter plants included, presented handlers with fewer options than during a normal workweek. Churning is currently busy in spite of employee number shortness, as cream multiples are still settling in the mid- to high-1.20s midweek. There are growing concerns in the butter industry, and entire industry, that consumer purse strings are expected to tighten up as gas, fuel, and grocery costs rise. Butter contacts suggest individual consumers are less likely to buy butter in larger quantities or may look at alternatives based on value. Still, market tones remain somewhat sturdy. Prices for: Central U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter Bulk Basis Pricing - 80% Butterfat $/LB: +0.0650 - +0.1400 Information for the period July 4 - 8, 2022, issued weekly Secondary Sourced Information: The CME Group June monthly average price for Grade AA butter was $2.9546, compared to $2.7514 in May. 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