MD_DA451

     Butter Highlights

     Report 11 - Released on March 15, 2019

     At the national level, butter production remains vigorous, in line with the previous weeks.
     Although the demand for cream along Class II processors is seasonally improving, butterfat
     intakes remain more than adequate for butter churning. Butter inventories continue building
     into cold storage for future use. Meanwhile, requests from retailers and restaurants are
     lagging a bit due to general cooler weather conditions. However, the spring break is near
     the corner and demand might shift up very soon. Bulk butter pricing varies among the
     regions: East, 5.0 cents to 8.0 cents over the market; Central, 5.0 cents to 7.0 cents above
     the market; West, 3.0 cents to 7.5 cents over the market, with various periods and averages
     used. Today¶s CME Group cash price for Grade AA butter is $2.2800, up $0.0125, compared to
     last Friday¶s price.

     Information for the period March 11 - 15, 2019, 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