MD_DA410

     Butter - Eastern U.S.

     Report 34 - Released on August 21, 2019

     In the Northeast, Class I sales are pulling more milk loads than other operations this week.
     Churning schedules are keeping up with current cream supplies. Cream is more available, as
     increased milk separation is taking place. Market participants are seeing additional cream
     offers on the spot market. Spot loads are trading around the 1.30s into the low 1.40s
     currently. Butter supplies are fairly stable in the region. Market conditions are also
     following suit. 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 8/16/2019
      to 8/22/2019

     Butter 1#                       Weighted Average Price
     National                  This Period   Last Week   Last Year
     Conventional                 $3.21        $3.22       $3.46
     Organic                      $3.21        $3.22       $3.46
     Prices This Period
     Regional (Conventional)    Wtd. Ave.       Low         High
     Northeast                    $2.79        $1.99       $2.99
     Southeast                    $3.41        $2.99       $3.50
     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 August 19 - 23, 2019, issued weekly

     Secondary Sourced Information:

     This week's Global Dairy Trading (GDT) Event 242 released negative price changes for butter,
     at -3.4 percent for all contracts.
     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