MD_DA410 Butter - Eastern U.S. Report 8 - Released on February 20, 2019 Hazardous weather conditions are hitting the Northeast this week. There are little to no reports of operational issues, yet market participants are prepared for disruptions in the region. Cream availability is unchanged, as supplies are accessible for production needs. The cream demand is steady to soft. Some butter manufacturers are not purchasing on the spot market, as heavy milk volumes are clearing into their intakes. Butter churns are active in the region at this time. Manufacturers are making both salted and unsalted butter. Inventories are balanced to growing a bit. Market activity is steady to a bit higher. Spot prices are fairly unchanged. Some industry contacts report that current spot prices are reasonably positive. Market conditions are fairly 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 2/15/2019 to 2/21/2019 Butter 1# Weighted Average Price National This Period Last Week Last Year Organic $5.29 $5.18 $5.25 Conventional $3.75 $3.58 $3.51 Prices This Period Regional (Conventional) Wtd. Ave. Low High Northeast $3.60 $2.99 $4.99 Southeast $3.98 $3.98 $3.98 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 18 - 22, 2019, issued weekly Secondary Sourced Information: Tuesday's CME Group butter price closed the day at $2.2500, down $.0050 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