MD_DA410 Butter - Eastern U.S. Report 21 - Released on May 25, 2022 Reports of cream availability and demand are mixed this week. Some market participants say that, heading into the holiday weekend, overall cream demand is softer than they were anticipating. Butter production varies from plant to plant. For some manufacturers, output is reduced seasonally, because of staffing and supply shortages, and/or due to planned holiday downtime. Inventory levels are unchanged. Food service demand is steady to higher. Retail sales are lower as customers grapple with upward price pressure on groceries and consumer goods. On the CME this week, butter prices have continued along a skyward trajectory after surging over 14 cents last week. In the East, bulk butter overages are ranging from 10.0 to 15.0 cents above the CME market value. Prices for: Eastern U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter Bulk Basis Pricing - 80% Butterfat $/LB: +0.1000 - +0.1500 Information for the period May 23 - 27, 2022, issued weekly Secondary Sourced Information: COLD STORAGE - BUTTER SUMMARY Released May 23, 2022, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA). 4/30/22 Stocks in all Warehouses (1,000 pounds) as a percent of 4/30/21 3/31/22 4/30/22 4/30/21 3/31/22 Butter Stocks 390,145 282,821 299,632 77 106 Published by: Dairy Market News - Madison, WI CHELSEA ROCHELLE, 608-422-8594 Email: Chelsea.Rochelle@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