MD_DA431 Butter - Central U.S. Report 42 - Released on October 19, 2022 Butter demand is exactly where contacts expected it to be in mid to late October: vigorous. Plant managers say they are churning and/or micro-fixing to their full ability to keep up with demand. Some market bears say there is an expiration date as butter prices hover around their all-time high, but when the pressure comes is the question. Some expectations are that once retailers' holiday demands ebb, market bullishness will ease. Cream availability has continued its growth into week 42. Butter makers in the region say they are taking on extra cream at multiples in the low/mid 1.20s regularly. There are still some pulls from Class IV into Classes II and III, but contacts do not foresee a tight cream market in the near-term, particularly as the holidays, which bring plant downtime, approach. Prices for: Central U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter Bulk Basis Pricing - 80% Butterfat $/LB: +0.0600 - +0.1000 Information for the period October 17 - 21, 2022, 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