MD_DA451 Butter Highlights Report 41 - Released on October 11, 2019 Nationally, butter production is active as affordable cream volumes become more accessible for churning. Although butter stocks are declining in several plants, they are plentiful to meet most buyers¶ immediate needs. If an agreement is not reached about trade issues between the United States and the European Union, starting October 18, the U.S. may impose a 25 percent tariff on incoming E.U. butter and other dairy products. At this point, international butter prices are below domestic prices, representing a competitive disadvantage to local manufacturers/brokers when exporting. In the U.S., this week, bulk butter pricing varies by regions: East, 5.0 cents to 8.0 cents over the market; Central, 0.0 cent under to 3.0 cents above the market; West, 2.5 cents under to 7.5 cents over the market, with various periods and averages used. Today, the Grade AA butter price at the CME Group closed at $2.0950, down $0.0900 from last Friday. Information for the period October 7 - 11, 2019, issued weekly Published by: Dairy Market News - Madison, WI ANGEL TERAN-RAMOS, 6084228593 Email: angel.teran@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