MD_DA431

     Butter - Central U.S.

     Report 38 - Released on September 20, 2023

     Butter production remains a mixture of micro-fixing and churning in the region. Butter plant
     contacts say cream availability is not ample, but not out of reach, either. There are still
     some cream spot loads available for churning at the mid- to late-week mark, according to
     contacts. Butter demand ranges from strong to meeting seasonal expectations. Retail butter
     customers are showing mixed interest. As butter market prices continue to push higher, there
     are still some contacts who suggest $3/lb butter prices are a potentiality. Even at current
     prices, moving toward the mid $2.80s, customers are expected to take a more conservative
     buying approach. That said, regional butter loads are being spoken for by a steadily active
     food service market, despite retail channels being up and down.
     Prices for: Central U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter

     Bulk Basis Pricing  - 80% Butterfat $/LB:              +0.0500 - +0.0800


     Information for the period September 18 - 22, 2023, issued weekly

     Secondary Sourced Information:

     This week a cooperative export assistance program accepted requests for export assistance on
     contracts to sell 99,000 pounds (45 metric tons) of butter (82 percent milk fat). So far
     this year, the program has assisted member cooperatives who have contracts to sell 908,000
     pounds of butter in export markets.
     Published by:
     Dairy Market News - Madison, WI
     ISABEL MCNEILL, 608-422-8594
     Email: Isabel.McNeill@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