MD_DA451

     Butter Highlights

     Report 41 - Released on October 13, 2023

NOTICE: After October 16, 2023, all information found on this report will transition to a new PDF format. 
The same data will be collected and disseminated through AMS Marketing Analysis and Reporting 
Services (MARS) platform. The new pdf report can be accessed on the AMS website at:
https://www.ams.usda.gov/mnreports/ams_1060.pdf



     Milk output is increasing in the Northeast, and contacts report more volumes are becoming
     available for cheese production. In the Midwest, milk production is trending higher, but
     contacts report spot loads remain somewhat limited. Spot loads of milk are trading in the
     Midwest at or near $1 over Class III. Demand for Class III milk is strong in the West, and
     cheesemakers in the region say extra spot loads of milk are limited. Cheese production in
     the region is steady. Contacts in the Midwest report steady to lower cheese production this
     week, as some plants are down for scheduled maintenance. In the Northeast, cheese production
     schedules are steady to stronger, despite persistent labor issues. Cheese inventories are
     growing in the Northeast, while holding steady in the Midwest. Meanwhile in the West, some
     cheesemakers say inventories are declining slightly. Retail and food service cheese demands
     are strong in the Northeast and steady in the West. Contacts in the Midwest report health
     demand for cheese.

     Information for the period October 9 - 13, 2023, issued weekly

     Secondary Sourced Information:

     CME: Grade AA closed at $3.3600. The weekly average for Grade AA is $3.4430 (+0.0075).

     Published by:
     Dairy Market News - Madison, WI
     ROMAN CARAMAN, 608-422-8593
     Email: roman.caraman@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