MD_DA451

     Butter Highlights

     Report 25 - Released on June 21, 2019

     As many Class II processors, especially ice cream makers, continue pulling strong on
     butterfat supplies, cream volumes are becoming less available for butter churning. Some
     manufacturers are still using the microfixing output process to meet their clients¶
     immediate needs for print butter. At this point, the butter market tone is unsettled, but
     expected to firm throughout the summer season as milk butterfat levels are reaching the
     lower point of the year. Requests from retailers and food service are fair/good. This week,
     bulk butter pricing varies among the regions: East, 5.0 cents to 8.0 cents over the market;
     Central, 4.0 cents to 7.5 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 $2.3900, up $0.0250, compared to last Friday¶s price.

     Information for the period June 17 - 21, 2019, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     ANGEL J TERAN, 608.422.8593
     Email: angel.teran@ams.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 (MyMarketNews): https://mymarketnews.ams.usda.gov/