MD_DA431 Butter - Central U.S. Report 49 - Released on December 07, 2022 Butter producers report similar sentiments as recent weeks, in general. Cream is widely available, and is expected to remain so through the rest of the year. Holiday orders have been fulfilled, but demand remains intact moving into 2023. Most contacts suggest the near- term butter availability outlook is viewed as tight, or at most steady. Bulk butter loads are reportedly recently produced. Churning is as active as current employee capacities/schedules allow. Some producers report some scheduled downtime before and/or during the winter holiday weeks. Butter market tones are steady. Prices for: Central U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter Bulk Basis Pricing - 80% Butterfat $/LB: +0.0800 - +0.1000 Information for the period December 5 - 9, 2022, issued weekly Secondary Sourced Information: The CME Group November monthly average price for Grade AA butter was $2.8634, compared to $3.1792 in October. U.S. BUTTER AND MILKFAT IMPORTS (USDA-FAS) (Imports for Consumption) 2022 Imports % Change From (Million Lb.) 1 Year Ago October Imports Total Butter, Fats, Milk (H.S. Code 0405) 16.0 + 50 Butter Quota (H.S. Code 405101000) 1.1 ... Over Quota (H.S. Code 405102000) 10.0 + 57 AMF Quota (H.S. Code 405901020) 1.8 +138 Over Quota (H.S. Code 405902020) 0.7 + 14 Other Milk Fat 2.4 + 29 2022 Imports % Change From (Million Lb.) 1 Year Ago TOTAL, JAN-OCT 123.1 + 16 Imports - Country of Origin 1 Ireland 70.1 + 6 2 India 18.5 + 46 3 New Zealand 15.0 + 41 4 France 5.9 + 35 5 Mexico 4.2 + 57 U.S. BUTTER AND MILKFAT EXPORTS (USDA-FAS) 2022 Exports % Change From (Million Lb.) 1 Year Ago TOTAL, OCTOBER 19.1 + 68 TOTAL, JAN-OCT 149.8 + 43 Exports - Destination Country 1 Canada 62.2 +107 2 Mexico 26.4 +401 3 Bahrain 17.3 + 35 4 South Kore a 16.7 +172 5 Saudi Arabi a 4.0 - 58 The CME Group November monthly average price for Grade AA butter was $2.8634, compared to $3.1792 in October. 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