MD_DA451 Butter Highlights Report 23 - Released on June 5, 2020 Despite cream inventories tightening due to strong pulls from ice cream makers and seasonally lower butterfat levels in the milk, butter manufacturing is ongoing. The microfixing output method is still active in some regions with tight cream supplies. Butter retail sales declined slightly this week, but overall still fair/good. According to some butter processors, although restaurants and other food services are reopening after being closed for several weeks, their requests for butter are still below expectations. Across the country, this week, bulk prices are ranging from 2.0 cents below the market to 7.0 cents above the market. Today, the CME Group’s Grade AA butter spot price is $1.9250, up $0.2650 from last Friday. Information for the period June 1 - 5, 2020, issued weekly Published by: Dairy Market News - Madison, WI FLORENCE KONE-GONZALEZ, (608)422-8594 Email: florence.konegonzalez@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