MD_DA431

     Butter - Central U.S.

     Report 33 - Released on August 15, 2018

     As cream prices shifted downward this week, churn activity increased. Butter plant managers
     sought out spot cream at a more vigorous clip than in the past month. Retail butter sales
     are reportedly ahead of last year¶s figures, and meeting or better than expectations.
     Similarly, and not unrelated, the market tone is also healthy. Some contacts point out that
     butter prices have been comfortably rangebound since fall 2017. For a majority of the time,
     butter prices have held somewhere between $2.20 and $2.40. That said, current prices are
     nearing the top of this artificial range and some point out that there may be a decline
     soon.

     National Retail Report Dairy ± Butter Summary
     Advertised Prices at Major Retail Supermarket Outlets ending during the period of 8/10/2018
      to 8/16/2018

     Butter 1#            Weighted Average Price
     National       This Period   Last Week    Last Year
     Organic          $6.39        $4.98        $4.82
     Conventional     $4.08        $3.41        $3.70

                            Prices This Period
     Regional (Conventional)
                     Wtd. Ave.       Low          High
     MIDWEST          $3.57        $2.50        $4.49
     SOUTH CENTRAL    $4.99        $4.99        $4.99
     Prices for: Central U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter

     Bulk Basis Pricing  - 80% Butterfat $/LB:              0.0000 - +0.0700


     Information for the period August 13 - 17, 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