MD_DA440

     Butter - Western U.S.

     Report 25 - Released on June 19, 2019

     In the West, butter plants are running steady to slow because cream is more difficult to
     get. Ice cream producers are taking a big chunk of the cream, leaving less volumes for
     butter manufacturing. Nonetheless, the present supplies of butter are balanced with the
     needs of the market. Butter retail demand for inventories' replenishment post Father's Day
     is solid. With some schools out for the summer, sales might decline a bit. Meanwhile, the
     domestic demand for butter is stable. According to contacts, there is a wait and see
     strategy used in some buyers' decision-making process. Bulk butter prices are following the
     same trend as last week.

     National Retail Report Dairy ± Butter Summary
     Advertised Prices at Major Retail Supermarket Outlets ending during the period of 6/14/2019
      to 6/20/2019

     Butter 1#                       Weighted Average Price
     National                  This Period   Last Week   Last Year
     Organic                      n.a.         $5.99       $3.99
     Conventional                $3.54         $3.25       $3.48

     Prices This Period
     Regional (Conventional)    Wtd. Ave.       Low         High
     Northwest                   $3.35         $2.50       $3.99
     Southwest                   $4.26         $2.99       $4.99
     Prices for: Western U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter

     Bulk Basis Pricing  - 80% Butterfat $/LB:              +0.0300 - +0.0750


     Information for the period June 17 - 21, 2019, issued weekly

     Secondary Sourced Information:

     The Grade AA butter price at the CME Group on Wednesday closed at $2.3750, compared to the
     weekly average price of $2.3885 from last week.
     Published by:
     Dairy Market News - Madison, WI
     FLORENCE KONE-GONZALEZ, (608)422-8594
     Email: florence.konegonzalez@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/