MD_DA431 Butter - Central U.S. Report 11 - Released on March 15, 2023 Butter demand has strengthened, due, at least in part, to the proximity to spring holidays according to contacts. Butter makers say bulk availability, which has grown in recent weeks, is still accessible. However, they also say buyers are more active, particularly in regards to retail markets. Cream availability, despite similar multiples week to week, has begun to tighten up when compared to just a few weeks ago. That said, cream remains generally available for active churning rates, but demand from other end users, namely cream cheese and ice cream manufacturers, has butter plant managers reporting offers have begun to subside. Butter market tones are uncertain. Contacts' views are mixed from range-bound to more bearish potential due to the available cream and churning activity of recent months. Prices for: Central U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter Bulk Basis Pricing - 80% Butterfat $/LB: 0.0000 - +0.0500 Information for the period March 13 - 17, 2023, issued weekly Secondary Sourced Information: U.S. BUTTER AND MILKFAT EXPORTS (USDA-FAS) 2023 Exports % Change From (Million Lb.) 1 Year Ago TOTAL, JANUARY 9.4 - 13 TOTAL, JAN 9.4 - 13 Exports - Destination Country 1 Canada 5.4 + 48 2 Mexico 1.7 - 35 3 South Korea 0.9 - 35 4 Taiwan 0.2 + 75 5 Panama 0.2 + 310 U.S. BUTTER AND MILKFAT IMPORTS (USDA-FAS) (Imports for Consumption) 2023 Imports % Change From (Million Lb.) 1 Year Ago January Imports Total Butter, Fats, Milk (H.S. Code 0405) 13.8 + 54 Butter Quota (H.S. Code 405101000) 1.6 + 63 Over Quota (H.S. Code 405102000) 7.2 + 33 AMF Quota (H.S. Code 405901020) 0.9 + 240 Over Quota (H.S. Code 405902020) 1.3 + 161 Other Milk Fat 2.9 + 57 2023 Imports % Change From (Million Lb.) 1 Year Ago TOTAL, JAN 13.8 + 54 Imports - Country of Origin 1 Ireland 6.4 + 48 2 India 2.9 + 48 3 New Zealand 2.3 + 106 4 Mexico 1.1 +1,931 5 France 0.5 - 15 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