MD_DA410 Butter - Eastern U.S. Report 47 - Released on November 23, 2021 While cream supplies improved at some butter producing plants this week, not all manufacturing plants are looking to increase butter output just yet. As such, churning is mostly steady as some manufacturers favor selling their in-house cream in a pricey cream market. Meanwhile, Northeast butter makers saw the October average producer butterfat test yield a record high 4 percent butterfat for the month. Food service and retail markets report butter sales are active on good seasonal demand. The current DMN National Retail Report-Dairy shows the U.S. weighted average advertised price of 16-ounce butter in the U.S. is $2.90, down from $3.06 last week, as retail store ads grew 15 percent from the previous week. The average 1 pound Northeast retail butter price is $2.78 and $2.76 in the Southeast; both are down from previous week’s prices. Wholesale bulk prices currently range 5-8 cents over market, based on CME, with various time frames and averages used. The overall undertone of the spot market is firm, with occasional price fluctuations. 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 November 22 - 26, 2021, issued weekly Secondary Sourced Information: COLD STORAGE – BUTTER SUMMARY Released November 22, 2021, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA). 10/31/21 Stocks in all Warehouses (1,000 pounds) as a percent of 10/31/20 9/30/21 10/31/21 10/31/20 9/30/21 Butter Stocks 299,731 324,395 281,483 94 87 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