MD_DA451

     Butter Highlights

     Report 14 - Released on April 9, 2021

     Cream availability is fairly stable, although there are pockets of tightening supply across
     the country. Butter operations are seasonally active despite increased cream volumes
     funneling into production of ice cream, dips, and whips. Bolstered by strong restaurant
     sales, food service butter demand continues to grow. Retail sales vary across regions.
     Butter market tones have trended bullishly since the new crop butter rule began on March 1.
     Across the country, bulk prices are ranging from 1.0 to 8.0 cents above the market this
     week.

     Information for the period April 5 - 9, 2021, issued weekly

     Secondary Sourced Information:

     The CME Group weekly average price for Grade AA butter was $1.8420, compared to $1.8194
     last week.

     Published by:
     Dairy Market News - Madison, WI
     CHELSEA ROCHELLE, 608-422-8594
     Email: Chelsea.Rochelle@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