MD_DA451

     Butter Highlights

     Report 45 - Released on November 9, 2018

     Butter production varies according to the availability of cream in each region of the
     country. In the East and Midwest, bulk/print butter processing is steady to light due to a
     lingering cream shortage. Strong cream pulls from Class II processors, encouraged by year-
     end holiday needs, are curtailing in some way, butter outputs in those regions. On the other
     hand, butter churning remains active in the West as cream volumes are readily available for
     most manufacturing needs. Furthermore, some western bulk loads are moving to the East and
     Midwest for micro-fixing, but transportation issues are affecting the delivery schedules.
     Based on the CME Group, with various periods and averages used, this week, bulk butter
     pricing varies among regions: East, 5.0 cents to 8.0 cents above the market; Central, 4.0
     cents to 7.0 cents above the market; West, 0.0 cents to 7.0 cents above the market. The CME
     Group cash price for Grade AA butter is $2.1925, down $0.1075, compared to last Friday¶s
     price, $2.30000.

     Information for the period November 5 - 9, 2018, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     ANGEL TERAN-RAMOS, 6084228593
     Email: angel.teran@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