MD_DA451

     Butter Highlights

     Report 52 - Released on December 28, 2018

     This week, markets indicate that cream is plentiful, prompting increased butter production.
     Butter producers anticipate that churning activity into the new year will be quite active as
     they build stocks ahead of projected spring holiday demand. While sales remained on pace, as
     demand held into the holiday, butter orders are lighter for now, as buyers assess holiday
     carryover volumes. Butter interest, Q1 2019, has been good with continuous buyer/seller
     contract negotiations occurring. Bulk butter pricing varies among the regions: East, 5.0
     cents to 8.0 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 $2.2175, up $0.0125, compared to last Friday¶s
     price, $2.2050.

     Information for the period December 24 - 28, 2018, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     DANIEL JOHNSON, 608-422-8605
     Email: daniel.johnson@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