Butter Highlights

     Butter Highlights

     Report 21 - Released on May 24, 2019

     Nationwide, butter production is uneven or mixed, but is expected to be more active during
     the upcoming holiday weekend as most plants will be actively churning cream. Ice
     cream/frozen dessert manufacturers continue pulling considerable amounts of butterfat, in
     some instances, limiting the access to cream spot loads for some butter makers. In these
     cases, microfixing is the main output alternative to produce print butter. Butter demand is
     reported fair/good from several market channels such as groceries stores, wholesalers, and
     restaurants across the country. This week, bulk butter pricing varies among the regions:
     East, 6.0 cents to 8.0 cents over the market; Central, 2.0 cents to 10.0 cents above the
     market; West, 2.0 cents to 7.5 cents over the market, with various periods and averages
     used. Today�s CME Group cash price for Grade AA butter is $2.3875, up $0.0475, compared to
     last Friday�s price.

     Information for the period May 20 - 24, 2019, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     ANGEL TERAN-RAMOS, 6084228593
     Email: angel.teran@usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home