MD_DA431

     Butter - Central U.S.

     Report 3 - Released on January 15, 2020

     Butter churning continues apace, as cream supplies remain plentiful. There was a slight
     downward shift in cream availability, but by no means are butter producers concerned about
     shortages in the near term. They expect at least two more weeks (or more) of easily-
     accessible cream stores. Butter sales are slower, but meeting seasonal expectations
     following the holiday rush. As was mentioned, churning is active due to both the current
     cream supply and the potential spring holiday push. Butter markets are pushing up towards
     the $2 mark after a surge Tuesday. Market contacts still suggest the range-bound status of
     butter prices is not in jeopardy. Now, though, the range has just been adjusted lower than
     the $2+ ranges set in 2018 and 2019.

     NATIONAL RETAIL REPORT DAIRY – BUTTER SUMMARY
     Advertised Prices at Major Retail Supermarket Outlets ending during the period of
     01/10/2020 to 01/16/2020


     Butter 1#                       Weighted Average Price
     National                  This Period   Last Week   Last Year
     Conventional                 $3.40        $3.60       $3.47
     Organic                      $5.49        $5.99       $5.29

                                       Prices This Period
     Regional (Conventional)     Wtd. Ave.      Low         High
     Midwest                      $2.94        $2.50       $2.99
     South Central                $4.49        $3.99       $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 January 13 - 17, 2020, 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