MD_DA451

     Butter Highlights

     Report 1 - Released on January 4, 2019

     Cream supplies are readily available for butter churning and some other cream-based
     manufacturing needs. In fact, some processors are trying to reduce some cream loads in
     different regions of the country by offering it at discount prices. Having said this, during
     this holiday-shortened week, butter production is ongoing across the country, while
     inventories continue building into cold storage. Interest from the bakery sector has
     somewhat slowed down. Nonetheless, some buyers are getting a head start on replenishing
     their print butter inventories for use later in the year. In general, butter spot sales are
     light. However, prices remain mostly stable. Some industry connections report that current
     prices are higher than anticipated. Bulk butter pricing varies among the regions: East, 4.0
     cents to 7.0 cents over the market; Central, 4.5 cents to 7.0 cents above the market; West,
     2.0 cents to 7.0 cents over the market, with various periods and averages used. Today¶s CME
     Group cash price for Grade AA butter is $2.2500, up $0.0325, compared to last Friday¶s
     price, $2.2175.

     Information for the period December 31, 2018 -  January 4, 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