MD_DA451 Butter Highlights Report 47 - Released on November 20, 2020 Butter churning is fairly active across the country, depending on cream availability. A surge of cream supply is anticipated, next week, as some processing operations take off for the Thanksgiving holiday. Manufacturers continue to pull heavily on stored butter to help meet the strong ongoing yearend holiday needs. The narrative remains similar regarding sales late into the holiday production season. Food service is not and is not expected to be where it has been in previous, pre-COVID-19, years. Retail buying increases have helped allay some of the fallout from the food service side. This week, bulk butter pricing varies by regions: East, 2.0 cents to 7.0 cents over the market; Central, 0.0 cent to 5.0 cents above the market; West, 2.0 cents to 7.5 cents over the market, with various periods and averages used. Today, the CME Group’s Grade AA butter spot price is $1.3450, down $0.0550 from last Friday Information for the period November 16 - 20, 2020, 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