MD_DA410 Butter - Eastern U.S. Report 30 - Released on July 28, 2021 Butter markets are somewhat flat. Some butter operations are churning in-house cream supplies. A few butter outlets are selling cream in place of churning currently. Butter inventories are available for spot/contract demands. Market participants relay cream volumes are aplenty in the region. A few cream cheese operations are clearing a steady supply of spot cream. On the CME Group, butter pricing is ranging around the mid $1.60s. Foodservice sales are reportedly fixed for the near term. For some industry contacts, retail butter sales are near expected sale levels/volumes. The bulk butter price for domestic sales, in the East, is reported 3 – 8 cents over the CME market, with various time frames and averages used. Prices for: Eastern U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter Bulk Basis Pricing - 80% Butterfat $/LB: +0.0300 - +0.0800 Information for the period July 26 - 30, 2021, issued weekly Secondary Sourced Information: COLD STORAGE – BUTTER SUMMARY Released July 22, 2021, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA). 6/30/21 Stocks in all Warehouses (1,000 pounds) as a percent of 6/30/20 5/31/21 6/30/21 6/30/20 5/31/21 Butter Stocks 362,452 411,863 414,489 114 101 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