MD_DA410 Butter - Eastern U.S. Report 4 - Released on January 22, 2020 Butter manufacturing is fairly steady, as plants continue to produce at above average rates. While manufacturers' stocks are mostly in balance with needs, supplies are steadily increasing based on the volume of output at some of the major butter operations in the region. Meanwhile, some buyers are looking to get their retail butter orders established, well in advance of the spring holidays. Bulk butter, both salted and unsalted, is being made and cleared into freezer programs. Bulk butter sales are 4 to 7 over the market, based on the CME Group, with various time frames and averages used. The Dairy Market News (DMN) Retail Report indicates butter advertisement, in 1 pound packaging, increased 12 percent countrywide and up 19 percent in the Northeast this week. Sources have suggested that print orders are to some extent still at post-holiday levels. Food service sales are good. The butter market undertone displays weakness. NATIONAL RETAIL REPORT DAIRY – BUTTER SUMMARY Advertised Prices at Major Retail Supermarket Outlets ending during the period of 01/17/2020 to 01/23/2020 Butter 1# Weighted Average Price National This Period Last Week Last Year Conventional $3.34 $3.40 $3.23 Organic $5.49 $5.49 n.a. Prices This Period Regional (Conventional) Wtd. Ave. Low High Northeast $3.31 $1.99 $4.99 Southeast $3.50 $3.49 $3.50 Regional (Organic) Wtd. Ave. Low High Northeast $5.49 $5.49 $5.49 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 January 20 - 24, 2020, issued weekly Secondary Sourced Information: CME TRADING Tuesday’s CME Group cash trading saw Grade AA butter close at $1.8800, down from $1.9400 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