MD_DA440

     Butter - Western U.S.

     Report 37 - Released on September 11, 2019

     In the West, retail orders for print butter are not as good as sellers would like them to
     be. Food service intakes remain stout, helping to keep inventories under control. Global
     butter sales are steady, but with the strong value of the dollar and higher U.S. butter
     prices compared to the EU, export demand is unlikely to improve in the near future. Stocks
     of butter are currently readily accessible to buyers. As cream availability increases in the
     West and high freight costs limit the move of cream across regions, butter manufacturing is
     more active. Bulk butter prices are unchanged from a week ago.

     National Retail Report Dairy ± Butter Summary
     Advertised Prices at Major Retail Supermarket Outlets ending during the period of 9/6/2019
     to 9/12/2019

     Butter 1#                       Weighted Average Price
     National                  This Period   Last Week   Last Year
     Conventional                 $3.62        $3.32       $3.44
     Organic                       n.a.        $6.32       $5.30

     Prices This Period
     Regional (Conventional)    Wtd. Ave.       Low         High
     Northwest                   $4.09         $2.50       $4.79
     Prices for: Western U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter

     Bulk Basis Pricing  - 80% Butterfat $/LB:              0.0000 - +0.0750


     Information for the period September 9 - 13, 2019, issued weekly

     Secondary Sourced Information:

     The Grade AA butter price at the CME Group on Wednesday closed at $2.2350, compared to the
     weekly average price of $2.1931 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