MD_DA451

     Butter Highlights

     Report 34 - Released on August 23, 2019

     Cream availability for butter manufacturing is improving in the East and Central regions,
     but remains tight in the West. Looking at the big picture, nationwide, milk fat levels are
     transitioning from being at the lowest point of the year to gradually improving as
     temperatures begin to drop. In addition, with most schools reopening, bottling
     standardization is very active, resulting in more cream volumes for churning. Print/bulk
     butter requests from retailers, wholesalers, and the food service sector are fair/good. This
     week, bulk butter pricing varies among the regions: East, 5.0 cents to 8.0 cents over the
     market; Central, 1.25 to 4.25 cents above the market; West, 1.0 cents to 7.5 cents over the
     market, with various periods and averages used. Today, the Grade AA butter price at the CME
     Group closed at $2.2275, down $0.1125 from last Friday.

     Information for the period August 19 - 23, 2019, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     ANGEL TERAN-RAMOS, 6084228593
     Email: angel.teran@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