MD_DA431

     Butter - Central U.S.

     Report 33 - Released on August 14, 2019

     Butter churning upticks were reported this week. In fact, some butter makers reported a very
     busy production week with little to no micro-fixing. Other manufacturers continue to fill
     orders by micro-fixing bulk butter. Cream is a little more accessible, but butter makers
     expect to pay the freight/delivery costs from either the southern portion of the region or
     from the West. Regarding butter markets, some believe we have seen the turnaround, and we
     are back to range-bound status. Others have said next week¶s NASS Cold Storage report will
     be an important barometer for butter markets for the rest of 2019.

     National Retail Report Dairy ± Butter Summary
     Advertised Prices at Major Retail Supermarket Outlets ending during the period of 8/9/2019
     to 8/15/2019

     Butter 1#                       Weighted Average Price
     National                  This Period   Last Week   Last Year
     Conventional                 $3.22        $3.27       $4.08
     Organic                      $5.99        $5.99       $6.39

     Prices This Period
     Regional (Conventional)    Wtd. Ave.       Low         High
     Alaska                       $5.28        $3.49       $5.99
     Midwest                      $2.84        $2.49       $3.49
     Northeast                    $3.41        $2.79       $4.49
     Northwest                    $2.26        $1.99       $2.49
     South Central                $2.49        $2.49       $2.49
     Southeast                    $3.18        $2.99       $3.29
     Southwest                    $3.99        $3.99       $3.99

     Regional (Organic)         Wtd. Ave.       Low         High
     Southeast                    $5.99        $5.99       $5.99
     Prices for: Central U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter

     Bulk Basis Pricing  - 80% Butterfat $/LB:              +0.0200 - +0.0700


     Information for the period August 12 - 16, 2019, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     ISRAEL WEBER, 608-422-8601
     Email: israel.weber@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