MD_DA451

     Butter Highlights

     Report 12 - Released on March 22, 2019

     Salted and unsalted butter production is fairly active throughout the country, while
     inventories are stable to growing, as plant managers continue adding to their mid-year
     supplies.
     Bulk requests and retail print orders are both reported as strong this week. In general
     cream supplies are still manageable for churning. However, needs of cream from Class II are
     constantly increasing, therefore, several manufacturers of butter are doing what is
     necessary to ensure cream availability for near future use. Bulk butter pricing varies among
     the regions: East, 5.0 cents to 8.0 cents over the market; Central, 5.0 cents to 7.0 cents
     above the market; West, 3.0 cents to 7.5 cents over the market, with various periods and
     averages used. Today¶s CME Group cash price for Grade AA butter is $2.2650, down $0.0150,
     compared to last Friday¶s price.

     Information for the period March 18 - 22, 2019, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     ANGEL J TERAN, 608.422.8593
     Email: angel.teran@ams.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 (MyMarketNews): https://mymarketnews.ams.usda.gov/
     DMN Database Portal: https://www.marketnews.usda.gov/mnp/da-home