MD_DA451

     Butter Highlights

     Report 24 - Released on June 15, 2018

     Butter churning varies across the country. In the West, production has been driven by ample
     amounts of affordable cream, while some processors begin to sell off some cream in the spot
     market. In the Central region, butter making varies by plant as some manufacturers continue
     microfixing, while others are taking on heavier loads of cream in large volumes. In the
     East, butter operators report steady output, but cream supplies are reported as becoming
     less accessible. Nationwide, retail and food service buying interest is mostly fair/good.
     Based on the CME Group with various periods and averages used, this week, bulk butter
     pricing is ranging in each region as follows: East, even to 8.0 cents above the market;
     Central, 0.0 cents to 7.0 cents above the market; West, 1.5 cents below to 7.0 cents above
     the market.

     Information for the period June 11 - 15, 2018, issued weekly

     Secondary Sourced Information:

     The CME Group cash price for Grade AA butter is $2.3525, down $0.0375 compared to last
     Friday¶s price, $2.3900.

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