MD_DA431 Butter - Central U.S. Report 21 - Released on May 25, 2022 Butter churning, due to an increase in cream access, is edging ahead of micro-fixing, again. Cream availability growth, contacts say, is due to at least two determining factors: the upcoming holiday weekend and plant maintenance concerns at other cream end usage facilities, both Class IV and other Classes. Post-holiday cream availability expectations are mixed, but some expect the price increases of recent weeks to resume a week to two following Memorial Day. Producers say demand is seasonally slower, but market expectations are anything but bearish. The NASS Cold Storage report's year over year shift down, by 23 percent, and relatively active CME purchasing activity have contacts suggesting bulls are here for the time being. Prices for: Central U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter Bulk Basis Pricing - 80% Butterfat $/LB: +0.1000 - +0.1500 Information for the period May 23 - 27, 2022, issued weekly Secondary Sourced Information: COLD STORAGE - BUTTER SUMMARY Released May 23, 2022, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA). 4/30/22 Stocks in all Warehouses (1,000 pounds) as a percent of 4/30/21 3/31/22 4/30/22 4/30/21 3/31/22 Butter Stocks 390,145 282,821 299,632 77 106 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