MD_DA431 Butter - Central U.S. Report 14 - Released on April 07, 2021 Butter producers say the culmination of spring holidays has not moved the needle regarding general week to week activities. Cream multiples are similar to previous weeks. Cream is still tighter than it was throughout a majority of Q1. Still, though, butter makers report there are cream multiples in the low/mid 1.20s, but they are becoming more limited. Butter plant managers say food service sales have maintained strength for three to four consecutive weeks. Retail sales are on a steady seasonal decline. With considerable production downticks noted in the NASS Dairy Products report (February), butter market tones received an additional shot in the arm. Since the onset of the new crop butter rule on March 1st, market tones have been in mostly bullish territory. Prices for: Central U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter Bulk Basis Pricing - 80% Butterfat $/LB: +0.0100 - +0.0500 Information for the period April 5 - 9, 2021, issued weekly Secondary Sourced Information: The CME Group March monthly average price for Grade AA butter was $1.7153, compared to $1.3859 in February. DAIRY PRODUCTS REPORT – BUTTER SUMMARY Released April 1, 2021, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA). Butter Production – States and United States: February 2020 and 2021 Monthly Production (1000 pounds) Percent Change from FEB JAN FEB FEB JAN Region 2020 2021 2021 2020 2021 United States 188,035 209,630 185,620 -1.3 -11.5 Atlantic 19,013 19,224 18,120 -4.7 -5.7 Central 73,271 83,138 73,800 0.7 -11.2 West 95,751 107,268 93,700 -2.1 -12.6 California 57,624 65,111 57,003 -1.1 -12.5 Butter Production – Cumulative Production January - February Cumulative Production Percent Change (1000 pounds) from Report Month 2020 2021 2020 FEB 381,457 395,250 3.6 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