MD_DA431

     Butter - Central U.S.

     Report 29 - Released on July 17, 2019

     Some Midwestern butter plant managers have scheduled downtime for maintenance this week.
     This is timely, as cream multiples on the spot market have become fiscally beyond their
     reach. Ice cream production increases have naturally merged with the increasing
     temperatures, which have begun to noticeably affect farm milk output. These two factors are
     undoubtedly prompting butter makers to relay a tightness on cream markets, and they expect
     it to remain so. Micro-fixing is active. However, bulk butter has become more available in
     portions of the region. Contacts in the south-Central area are finding discounts on bulk
     butter. Midwestern contacts are still finding similar prices on bulk butter trades. Butter
     markets are steady to bullish.

     National Retail Report Dairy ± Butter Summary
     Advertised Prices at Major Retail Supermarket Outlets ending during the period of 7/12/2019
      to 7/18/2019

     Butter 1#                       Weighted Average Price
     National                  This Period   Last Week   Last Year
     Conventional                 $3.44        $3.05       $3.15
     Organic                       n.a.         n.a.        n.a.

     Prices This Period
     Regional (Conventional)    Wtd. Ave.       Low         High
     Alaska                       $3.49        $3.49       $3.49
     Hawaii                       $3.79        $3.79       $3.79
     Midwest                      $2.99        $2.99       $2.99
     Northeast                    $3.44        $2.49       $4.99
     Northwest                    $2.50        $2.50       $2.50
     South Central                $2.79        $2.79       $2.79
     Southeast                    $3.46        $2.88       $3.99
     Southwest                    $3.99        $3.99       $3.99
     Prices for: Central U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter

     Bulk Basis Pricing  - 80% Butterfat $/LB:              -0.0525 - +0.0700


     Information for the period July 15 - 19, 2019, issued weekly

     Secondary Sourced Information:

     Year to date export assistance has resulted in contracts to export 4.213 million pounds
     (1,911 metric tons) of butter.
     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