MD_DA431

     Butter - Central U.S.

     Report 38 - Released on September 19, 2018

     Cream availability has lightened up for butter makers in the Central region this week. Due
     to adverse milking weather and cream being pulled toward increased cream cheese production,
     butter plant managers suggest cream offers dwindled relative to the past two weeks. Butter
     sales reports continue to be mostly bullish. A number of intake facilities, including butter
     plants, are or have been closed in the Central region due to flooding or scheduled
     maintenance. Butter market tones are bullish this week, as CME prices reached over the
     $2.30 mark on Wednesday.

     National Retail Report Dairy ± Butter Summary
     Advertised Prices at Major Retail Supermarket Outlets ending during the period of 9/14/2018
      to 9/20/2018

     Butter 1#
                         Weighted Average Price
     National    This Period   Last Week     Last Year
      Organic       $5.29        $5.30         $4.52
      Conventional  $3.41        $3.44         $3.84

     Prices This Period
     Regional (Conventional)
                   Wtd. Ave.      Low          High
     MIDWEST       $3.12        $2.99         $3.33
     SOUTH CENTRAL $3.18        $2.99         $3.29
     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 - +0.0700


     Information for the period September 17 - 21, 2018, issued weekly

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

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home