MD_DA451 Butter Highlights Report 27 - Released on July 8, 2022 Across the country cream is available, though Central contacts report seasonally declining butterfat components. Butter makers are running busy schedules in the Central and West regions, though Northeast butter production is steady to lower. Demand for butter is declining from both food service and retail markets in the Northeast and West. Some Central region contacts are growing increasingly concerned that high gas and grocery prices will cause customers to reduce their butter purchasing or switch to lower priced alternatives. Spot inventories of butter are mixed in the Northeast, but tight in the West. Across all regions, bulk butter overages range from 2 to 16 cents above market. Information for the period July 4 - 8, 2022, issued weekly Secondary Sourced Information: CME: Grade AA closed at $2.9700. The weekly average for Grade AA is $2.9475 (-0.0280). Published by: Dairy Market News - Madison, WI ROMAN CARAMAN, 608-422-8593 Email: roman.caraman@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