MD_DA410

     Butter - Eastern U.S.

     Report 7 - Released on February 13, 2019

     Harsh snowy and icy weather conditions are hitting the Northeast this week. Currently there
     are little to no reports of disruptions in transportation or power outages. In the region,
     milk loads are available. Cream availability is following suit, as supplies are accessible
     for production needs. The cream demand is steady to soft. Some butter manufacturers are not
     purchasing spot cream due to heavy milk volumes clearing into their intakes. Butter
     production is strong in the region currently. Manufacturers are making both salted and
     unsalted butter. Inventories are balanced to growing. Spot prices are fairly unchanged. Some
     industry contracts report that current spot sales are moderately positive. Market conditions
     are steady this week. The bulk butter price is reported 5 cents to 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 2/8/2019
     to 2/14/2019

     Butter 1#                         Weighted Average Price
     National                    This Period      Last Week     Last Year
      Organic                     $5.18              n.a.         $5.22
      Conventional                $3.58             $3.55         $3.56

                                       Prices This Period
     Regional (Conventional)     Wtd. Ave.           Low           High
      Northeast                   $4.07             $2.99         $4.99
      Southeast                   $3.05             $3.00         $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 February 11 - 15, 2019, issued weekly

     Secondary Sourced Information:

     This week, a cooperative export assistance program accepted requests for export assistance
     to sell 220,462 pounds (100 metric tons) of butter.

     Tuesday's CME Group butter price closed the day at $2.2550, down $.0225 from the previous
     Tuesday's closing price.
     Published by:
     Dairy Market News - Madison, WI
     JESSICA MUELLER, 608-422-8589
     Email: Jessica.Mueller@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/
     DMN Database Portal: https://www.marketnews.usda.gov/mnp/da-home