MD_DA451

     Butter Highlights

     Report 51 - Released on December 21, 2018

     With more cream supplies available for churning, butter output is active throughout the
     country. However, production is expected to be mixed during the next holiday week, since
     some plants will be closed, while others will be operating at full capacity. Butter
     manufacturing is transitioning from print to bulk. Print butter processing is slowing as
     holiday retail orders decrease. In general, butter inventories are steady to building into
     cold storage. 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 $2.2050, up $0.0150, compared to
     last Friday¶s price, $2.1900.

     Information for the period December 17 - 21, 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