MD_DA410

     Butter - Eastern U.S.

     Report 46 - Released on November 13, 2019

     Butter manufacturers report that cream supplies are mostly steady. Limited increases in
     cream supplies augmented a few churning schedules. Holiday butter orders are rolling in at
     expected levels. Retail demand from club stores and supermarkets is strong as some stores
     offer special sales on butter. In addition, some bulk butter end-users are looking to add to
     inventory. Cream demand is good from the churns and into Class II manufacturing. Bulk butter
     prices for domestic sales are reported 5-8 cents over the market on the CME Group, with
     various time frames and averages used. Currently, global markets maintain an advantage over
     domestic prices. The butter market undertone is temperamental, with seasonal price
     fluctuations.

     NATIONAL RETAIL REPORT DAIRY – BUTTER SUMMARY
     Advertised Prices at Major Retail Supermarket Outlets ending during the period of
     11/08/2019 to 11/14/2019


     Butter 1#                       Weighted Average Price
     National                  This Period   Last Week   Last Year
     Conventional                $3.66         $3.24       $3.02
     Organic                     $5.74         $4.99       $4.93

     Prices This Period
     Regional (Conventional)    Wtd. Ave.       Low         High
     Northeast                   $3.66         $1.99       $4.99
     Southeast                   $4.28         $2.49       $5.29

     Regional (Organic)         Wtd. Ave.       Low         High
     Southeast                   $5.74         $5.49       $5.99
     Northeast                   $3.54         $2.88       $4.99
     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 November 11 - 15, 2019, issued weekly

     Secondary Sourced Information:

     CME GROUP
     Tuesday’s CME Group cash trading saw Grade AA butter close at $2.0675, up from $2.0625 a
     week ago.
     Published by:
     Dairy Market News - Madison, WI
     DANIEL JOHNSON, 608-422-8605
     Email: daniel.johnson4@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