MD_DA451

     Butter Highlights

     Report 50 - Released on December 14, 2018

     Nationwide, butter output is active as cream supplies are becoming more available for
     churning throughout the country. Cream volumes are above immediate needs from butter makers,
     thus, some manufacturers are finding it difficult to clear surplus cream. In general, butter
     inventories are shrinking along seasonal patterns. However, some plant managers are starting
     to build their stocks for the upcoming spring holiday demand push early in 2019. Based on
     the CME Group, with various periods and averages used, this week, bulk butter pricing varies
     among regions: East, 5.0 cents to 8.0 cents above the market; Central, 4.5 cents to 7.0
     cents above the market; West, 0.0 cent to 7.0 cents above the market. Today¶s CME Group
     cash price for Grade AA butter is $2.1900, down $0.0175, compared to last Friday¶s price,
     $2.2075.

     Information for the period December 10 - 14, 2018, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     ANGEL TERAN-RAMOS, 6084228593
     Email: angel.teran@ams.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