MD_DA451

     Butter Highlights

     Report 20 - Released on May 17, 2019

     This week, butter production varies from one plant to another throughout the country. So
     far, butter outputs are steadily decreasing when compared to Q1 production as cream volumes
     are being reduced seasonally. In addition, Class II processors, especially ice cream makers,
     continue pulling large volumes of cream, which in some cases makes it difficult for churners
     to access spot cream loads. In this way, some butter makers remain actively microfixing bulk
     butter. Bulk butter inventories continue building into cold storage. Bulk butter pricing
     varies among the regions: East, 6.0 cents to 8.0 cents over the market; Central, 4.0 cents
     to 8.0 cents above the market; West, 2.0 cents to 7.0 cents over the market, with various
     periods and averages used. Today¶s CME Group cash price for Grade AA butter is $2.3400,
     even, compared to last Friday¶s price.

     Information for the period May 13 - 17, 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: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home