MD_DA410 Butter - Eastern U.S. Report 10 - Released on March 04, 2020 In the East, the volume of milk output guarantees available cream for seasonal butter making needs. As readily available cream volumes hold steady, butter manufacturers' production schedules remain active with the increase in holiday butter orders. As well, stocks are increasing and supports the perception that offerings are heavy, with most of the cream moving to butter production. Retail promotional activity for the print butter sector increased 127 percent, in the Northeast region, while increasing 89 percent across the country. Food service interest is steady to higher. Reported prices for bulk butter are 4 to 7 cents over the market, based on the CME 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 02/28/2020 to 03/05/2020 Butter 1# Weighted Average Price National This Period Last Week Last Year Conventional $2.95 $3.52 $3.51 Organic $5.99 $5.63 $5.29 Prices This Period Regional (Conventional) Wtd. Ave. Low High Northeast $3.14 $1.99 $4.49 Southeast $3.10 $3.00 $3.48 Regional (Organic) Wtd. Ave. Low High Southeast $5.99 $5.99 $5.99 CME MONTHLY AVERAGE The CME Group February 2020 monthly average AA butter price, $1.7913, is down from January's, $1.8813, monthly average. Prices for: Eastern U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter Bulk Basis Pricing - 80% Butterfat $/LB: +0.0400 - +0.0700 Information for the period March 2 - 6, 2020, issued weekly Secondary Sourced Information: CME TRADING The CME Group's Tuesday cash butter price closed at $1.8600, up from $1.7300 a week ago. EXPORT ASSISTANCE This week, a cooperative export assistance program accepted requests for export assistance to sell 782,641 pounds(355 metric tons)of butter. 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