MD_DA440 Butter - Western U.S. Report 14 - Released on April 07, 2021 Cream is ample in the West, and some of it is moving out of the region and into eastern markets. Ice cream, dips, and whips are pulling some fat away from churns, but butter production is active, and inventories remain stable. Food service demand continues to flourish; restaurant sales are especially strong. Retailers are refilling cooler shelves after consumers took advantage of spring holiday promotions to stock home refrigerators with butter. Some buyers are interested in bulk butter, but cautiously so, as no one can predict when re-opening momentum will plateau. Healthy export interest persists. Prices for: Western U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter Bulk Basis Pricing - 80% Butterfat $/LB: +0.0100 - +0.0750 Information for the period April 5 - 9, 2021, issued weekly Secondary Sourced Information: CME CLOSING PRICE The Grade AA butter price at the CME Group on Wednesday closed at $1.8150, compared to the weekly average price of $1.8194 from last week. CME GROUP MONTHLY AVERAGES The CME Group March 2021 monthly average price for Grade AA butter, $1.7153, is up from the February monthly average price of $1.3859, but down from the monthly average of a year ago, $1.7235. DAIRY PRODUCTS REPORT – BUTTER SUMMARY Released April 1, 2021, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA). Butter Production – States and United States: February 2020 and 2021 Monthly Production (1000 pounds) Percent Change from FEB JAN FEB FEB JAN Region 2020 2021 2021 2020 2021 United States 188,035 209,630 185,620 -1.3 -11.5 Atlantic 19,013 19,224 18,120 -4.7 -5.7 Central 73,271 83,138 73,800 0.7 -11.2 West 95,751 107,268 93,700 -2.1 -12.6 California 57,624 65,111 57,003 -1.1 -12.5 Butter Production – Cumulative Production January - February Cumulative Production Percent Change (1000 pounds) from Report Month 2020 2021 2020 FEB 381,457 395,250 3.6 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