MD_DA451 Butter Highlights Report 49 - Released on December 4, 2020 Butter makers note modest to good post-holiday retail butter purchases, while orders have been developing well into December. Some churners reported government orders have receded, and they are focusing more on their retail customers. Food service remains slow, and butter contacts are still waiting for the full impact of restaurant closures/restrictions. Churning is highly active, parallel to the uptick in the country farm milk production. Print and bulk butter inventories are mixed. This week, bulk butter pricing varies by regions: East, 2.0 cents to 8.0 cents over the market; Central, 0.0 cent to 5.0 cents above the market; West, 4.5 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 $1.4800, up $0.1200 from last Friday Information for the period November 30 - December 4, 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