MD_DA451 Butter Highlights Report 27 - Released on July 9, 2021 Cream availability is beginning to tighten. Some manufacturers paused production Monday for the holiday, but butter makers maintained typical seasonal levels of operation the rest of the week. Some contacts note an increase in micro-fixing in preparation for tighter cream supplies. Inventories are stable to growing, and butter is available for current spot and contract needs. Retail sales are somewhat mixed, and many grocers are running weekly butter promotions. Contacts note some variation from week to week, but food service demand is leveling off as many eateries and institutions have refilled pipelines. Butter market tones are quiet. This week, bulk butter overages range from flat to 8.0 cents above market across the country. The CME Group weekly average price for Grade AA butter was $1.7075, compared to $1.7505 last week. Information for the period July 5 - 9, 2021, issued weekly Published by: Dairy Market News - Madison, WI CHELSEA ROCHELLE, 608-422-8594 Email: Chelsea.Rochelle@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