MD_DA451

     Butter Highlights

     Report 25 - Released on June 22, 2018

     In general, albeit some Class II processors, especially ice cream makers, continue pulling
     strong on butterfat supplies, cream volumes are readily available for butter churning across
     the nation. In fact, some butter makers are contemplating slowing down the churns and
     selling off some cream on the spot market. Therefore, butter churning remains active, while
     inventories vary in each region of the country. The butter market undertone looks to be
     steady this week. Requests from retailers and food service are fair/good. Across the
     country, bulk butter pricing is ranging from 1.5 below to 8 cents above the market, based on
     the CME Group with various periods and averages used.

     Information for the period June 18 - 22, 2018, issued weekly

     Secondary Sourced Information:

     The CME Group cash price for Grade AA butter is $2.2900, down $0.0625 compared to last
     Friday¶s price, $2.3525.

     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