MD_DA431

     Butter - Central U.S.

     Report 8 - Released on February 19, 2020

     Cream supplies remain plentiful for butter churners in the Central region and throughout the
     country. Churns are running near or at capacity. Some butter plant managers report being
     full for at least the next two weeks. There is plenty of bulk butter, as offers are
     reportedly abundant. Butter sales are steady, but looking to pick up soon as seasonal spring
     upticks are on the horizon. After riding the $1.80 fence last week, butter market prices
     slipped below that number early this week. Still, butter contacts are not overly concerned
     regarding one of the most steady dairy commodity markets, at least right now.

     NATIONAL RETAIL REPORT DAIRY – BUTTER SUMMARY
     Advertised Prices at Major Retail Supermarket Outlets ending during the period of
     02/14/2020 to 02/20/2020
     Butter 1#                       Weighted Average Price
     National                  This Period   Last Week   Last Year
     Conventional                 $3.32        $3.44       $3.75
     Organic                      $5.49         n.a.       $5.29

                                       Prices This Period
     Regional (Conventional)     Wtd. Ave.      Low         High
     Midwest                      $3.03        $2.88       $3.50
     South Central                $3.13        $2.98       $3.99

     Prices for: Central U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter

     Bulk Basis Pricing  - 80% Butterfat $/LB:              -0.0100 - +0.0600


     Information for the period February 17 - 21, 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