MD_DA431

     Butter - Central U.S.

     Report 42 - Released on October 16, 2019

     Butter demand is generally steady among regional producers. There are some ordering upticks
     due to the upcoming fall/winter holidays. With Thanksgiving falling in the waning days of
     November, butter contacts expect more time for shopping and, therefore, better retail push
     prior to the holiday. With the increase in fall sales, inventories are being pared down
     slightly, but are in balance. Cream is as available as it has been in recent weeks, both
     regionally and in the West. Cream suppliers report getting a few more calls from Class II
     and III producers. They say there could be a seasonal shortage in the next few weeks. Butter
     production is steady, generally. Butter market tones are starting to firm again this week,
     after prices slipped to $2.0575 in the middle of week 41.

     National Retail Report Dairy – Butter Summary
     Advertised Prices at Major Retail Supermarket Outlets ending during the period of
     10/11/2019 to 10/17/2019

     Butter 1#                       Weighted Average Price
     National                  This Period   Last Week   Last Year
     Conventional                $3.63         $3.94       $3.03
     Organic                     $5.49          n.a.       $4.85

     Prices This Period
     Regional (Conventional)    Wtd. Ave.       Low         High
     Midwest                     $2.91         $2.50       $3.00
     South Central               $3.71         $2.99       $4.99
     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 - +0.0300


     Information for the period October 14 - 18, 2019, issued weekly

     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