MD_DA410 Butter - Eastern U.S. Report 49 - Released on December 07, 2022 Eastern butter makers are busy filling holiday orders and building a cushion of supply when they can. Cream is more available, but labor, supplies, and, in some cases, equipment issues are holding back churning capacities. A few market participants report they could sell more butter if they had it available. Butter demand is strong ahead of the winter holidays. Retail orders have eased back slightly in the last week but are still steadily pulling at 1 pound packaged butter supplies. Bulk butter demand is steady. 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 - +0.1200 Information for the period December 5 - 9, 2022, issued weekly Secondary Sourced Information: CCME GROUP MONTHLY AVERAGES The CME Group November 2022 monthly average price for Grade AA butter was $2.8634, compared to $3.1792 one month ago and $1.9714 one year ago. U.S. BUTTER AND MILKFAT EXPORTS (USDA-FAS) 2022 Exports % Change From (Million Lb.) 1 Year Ago TOTAL, OCTOBER 19.1 + 68 TOTAL, JAN-OCT 149.8 + 43 Exports - Destination Country 1 Canada 62.2 +107 2 Mexico 26.4 +401 3 Bahrain 17.3 + 35 4 South Korea 16.7 +172 5 Saudi Arabia 4.0 - 58 U.S. BUTTER AND MILKFAT IMPORTS (USDA-FAS) (Imports for Consumption) 2022 Imports % Change From (Million Lb.) 1 Year Ago October Imports Total Butter, Fats, Milk (H.S. Code 0405) 16.0 + 50 Butter Quota (H.S. Code 405101000) 1.1 ... Over Quota (H.S. Code 405102000) 10.0 + 57 AMF Quota (H.S. Code 405901020) 1.8 +138 Over Quota (H.S. Code 405902020) 0.7 + 14 Other Milk Fat 2.4 + 29 2022 Imports % Change From (Million Lb.) 1 Year Ago TOTAL, JAN-OCT 123.1 + 16 Imports - Country of Origin 1 Ireland 70.1 + 6 2 India 18.5 + 46 3 New Zealand 15.0 + 41 4 France 5.9 + 35 5 Mexico 4.2 + 57 Published by: Dairy Market News - Madison, WI MIKE BANDLI, 608-422-8592 Email: Mike.Bandli@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