MD_DA440

     Butter - Western U.S.

     Report 41 - Released on October 11, 2023

NOTICE: After October 16, 2023, all information found on this report will transition to a new PDF format. 
The same data will be collected and disseminated through AMS Marketing Analysis and Reporting 
Services (MARS) platform. The new pdf report can be accessed on the AMS website at:
https://www.ams.usda.gov/mnreports/ams_1091.pdf



     In the West, cream availability for spot load purchasing is recently slightly looser
     throughout the region and remains comparatively more available in the northern parts of the
     region. That said, cream is on the tight side of the spectrum, overall, and much is
     committed to contractual obligations. Some butter manufacturers indicate additional cream
     purchases are being limited given current prices. Butter production is mixed amongst
     manufacturers with currently active churns. Production for retail purposes is strong to
     steady as schedules work towards current demand and anticipated upcoming holiday season
     demand. Bulk butter production is steady to lighter. Bulk butter availability is tighter as
     some manufacturers are focusing on keeping retail production lines at full capacity. Retail
     and food service demand are mostly reported as steady, while bulk butter demand has recently
     been lighter. Export demand is moderate to light. The CME had more bullish price movement
     for butter this week. Daily cash trading prices hit the highest point for the year on
     October 6 at $3.5025/lb.
     Prices for: Western U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter

     Bulk Basis Pricing  - 80% Butterfat $/LB:              +0.0475 - +0.1100


     Information for the period October 9 - 13, 2023, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     Andrew Mattheis, 608-422-8590
     Email: andrew.mattheis@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