MD_DA451

     Butter Highlights

     Report 48 - Released on November 25, 2020

     Throughout the country, butter production has been mixed during this shortened holiday week,
     but is anticipated to grow by the end of the week. At this point, there are ample volumes of
     cream offered at lower multiples compared to recent nonholiday weeks, but volumes should be
     able to be balanced by the end of the week. Thanksgiving holiday closures by Class II
     processors are likely to help surplus cream find its way into butter churning. Butter demand
     on the retail side has been very busy. Food service demand, however, continues to struggle
     in these questionable times for restaurants, schools and the like. This week, bulk butter
     pricing varies by regions: East, 2.0 cents to 7.0 cents over the market; Central, 0.0 cent
     to 5.0 cents above the market; West, 2.0 cents to 7.5 cents over the market, with various
     periods and averages used. Today, the CME Group’s Grade AA butter spot price is $1.3600, up
     $0.0150 from last Friday

     Information for the period November 23 - 27, 2020, issued weekly

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