MD_DA431 Butter - Central U.S. Report 13 - Released on March 29, 2023 Butter demand, according to processors, has softened following a bit of a more active run in late February/early March due to spring holiday ordering. Butter supply numbers continue to tick up, as active churning continues on as steadily available cream supplies have been reported for the entirety of 2023. Last week, there were some expectations of ice cream/cream cheese processing taking on more cream and pushing multiples higher, but plant managers say cream remains in a similar price point to previous weeks. Butter market tones are holding steady, despite some bearish indicators such as increasing national stores. Prices for: Central U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter Bulk Basis Pricing - 80% Butterfat $/LB: 0.0000 - +0.0500 Information for the period March 27 - 31, 2023, issued weekly Secondary Sourced Information: This week, a cooperative export assistance program accepted requests for export assistance on contracts to sell 168,000 pounds (76 metric tons) of butter. So far this year, the program has assisted member cooperatives who have contracts to sell 550,000 pounds of butter in export markets. 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