MD_DA410

     Butter - Eastern U.S.

     Report 36 - Released on September 04, 2019

     Coming off the holiday, spot trading activities have been fairly active on various market
     exchanges. Butter prices are lower on the CME Group currently. In the Northeast, there are
     more cream offers on the market at this time. Additionally, some butter churning schedules
     are keeping up with current cream supplies. However, there are a few operations at reduced
     churning schedules. Moreover, some operations are selling cream in lieu of churning. Market
     participants relay cream demand is somewhat in a lull. There are expectations interest will
     pick up once the baking season is near. Manufacturers' butter supplies are balanced to lower
     in the region. Bulk butter prices for domestic sales are reported 5-8 cents over the market
     of the CME Group, with various time frames and averages used.

     National Retail Report Dairy ± Butter Summary
     Advertised Prices at Major Retail Supermarket Outlets ending during the period of 8/30/2019
      to 9/5/2019

     Butter 1#                       Weighted Average Price
     National                  This Period   Last Week   Last Year
     Conventional                 $3.32        $3.40       $3.53
     Organic                      $6.32        $6.99        n.a.

                                         Prices This Period
     Regional (Conventional)    Wtd. Ave.       Low         High
     Northeast                   $3.22         $2.99       $3.99
     Southeast                   $3.14         $2.49       $3.68
     Prices for: Eastern U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter

     Bulk Basis Pricing  - 80% Butterfat $/LB:              +0.0500 - +0.0800


     Information for the period September 2 - 6, 2019, issued weekly

     Secondary Sourced Information:

     The CME Group August 2019 monthly average price for AA butter, $2.2942, is down from the
     July 2019 monthly average of $2.3897.
     Published by:
     Dairy Market News - Madison, WI
     JESSICA MUELLER, 608-422-8589
     Email: jessica.mueller@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