MD_DA451 Butter Highlights Report 16 - Released on April 20, 2018 Throughout the United States, butter production remains steady. However, in the Northeast some contacts report decreasing production as they are selling off available cream. Some Midwest butter producers report limited milk/cream supplies due to transportation issues caused by inclement weather. Overall, cream is readily available for most butter manufacturing needs. Orders for print butter are mixed as some manufacturers report that demand has eased. Butter inventories are steady to growing. Bulk butter prices range from 5 cents under to 8 cents over the market, based on the CME Group with various time periods and averages used. Domestic butter prices remain competitive in international markets, as they are below international butter values. While the butter market remains strong, there are some signs of unsettledness. Prices for: Eastern U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter Bulk Basis Pricing - 80% Butterfat $/LB: +0.0400 - +0.0800 Prices for: Central U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter Bulk Basis Pricing - 80% Butterfat $/LB: +0.0200 - +0.0500 Prices for: Western U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter Bulk Basis Pricing - 80% Butterfat $/LB: -0.0500 - +0.0650 Information for the period April 16 - 20, 2018, issued weekly Secondary Sourced Information: The CME Group weekly average for Grade AA butter is $2.3015, compared to $2.3095, last week¶s average. Published by: Dairy Market News - Madison, WI JENNIFER HERNANDEZ, (608)422.8597 Email: JenniferA.Hernandez@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