Butter - Central
MD_DA431

     Butter - Central U.S.

     Report 37 - Released on September 11, 2019

     Butter producers have different reports on the effect of lower market prices in terms of
     demand. Some say orders are picking up due to buyers taking advantage of the recent market
     slips, while others say butter demand remains quiet. The cream picture has remained similar.
     It is available, and butter plant managers are taking advantage of continued accessibility.
     They suggest bulk butter, at premiums, is another reason to take on extra spot cream. That
     said, some producers suggest they are focused on working through contractual cream loads,
     eschewing the spot market. Producers suggest they are working on 2020 cream contracts
     currently. Butter market prices remain in the low end of their range-bound status.

     National Retail Report Dairy � Butter Summary
     Advertised Prices at Major Retail Supermarket Outlets ending during the period of 9/6/2019
     to 9/12/2019

     Butter 1#                       Weighted Average Price
     National                  This Period   Last Week   Last Year
     Conventional                 $3.62        $3.32       $3.44
     Organic                       n.a.        $6.32       $5.30

     Prices This Period
     Regional (Conventional)    Wtd. Ave.       Low         High
     Midwest                     $4.05         $2.50       $5.49
     Northeast                   $3.42         $2.49       $4.99
     Northwest                   $4.09         $2.50       $4.79
     South Central               $2.98         $2.98       $2.98
     Southeast                   $2.50         $2.50       $2.50
     Prices for: Central U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter

     Bulk Basis Pricing  - 80% Butterfat $/LB:              +0.0150 - +0.0600


     Information for the period September 9 - 13, 2019, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     ISRAEL WEBER, 608-422-8601
     Email: israel.weber@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