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