MD_DA431 Butter - Central U.S. Report 25 - Released on June 17, 2020 Butter makers report cream remains out of their fiscal reach. Additionally, bulk butter offers are quiet and butter availability is a concern, in general. Bulk butter overages, based on the CME average, are climbing weekly. More and more butter plant managers relay production is moving heavily to micro-fixing. Demand reports are similar to last week. Retail customers are busy and food service is steadily busier than earlier in the spring. However, this year's numbers are shy of previous years due to COVID-19. A growing number of butter market actors suggest they are concerned about inventories coming into the fall. Some suggest they expect national inventory numbers to decline. Butter markets have lost some of the wind in their sails from Wednesday of last week, when they reached over $1.95. That said, they are generally viewed as steady. Prices for: Central U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter Bulk Basis Pricing - 80% Butterfat $/LB: +0.0400 - +0.0800 Information for the period June 15 - 19, 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