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USDA - AMS: Butter - Central (2019-01-09)

USDA U.S. Department of Agriculture - January 9, 2019


     MD_DA431

     Butter - Central U.S.

     Report 2 - Released on January 09, 2019

     Post-holiday level cream availability has butter churns across the region fully engaged, as
     producers work to build springtime inventories. Some producers suggest the amount of cream
     clearing into plants this week is higher than it has been in three years. Butter sales are
     somewhat steady. Butter market analysts suggest butter prices were expected to be slightly
     lower than they currently are, as market prices hold in/around the low $2.20s. Early year
     positivity have some contacts suggesting 2019 may be as bullish, if not more so, than 2018.

     National Retail Report Dairy ± Butter Summary
     Advertised Prices at Major Retail Supermarket Outlets ending during the period of 1/4/2019
     to 1/10/2019

     Butter 1#                Weighted Average Price
     National               This Period    Last Week  Last Year
     Organic                    $5.63       $5.39      n.a.
     Conventional               $3.67       $3.31     $3.89

     Prices This Period
     Regional (Conventional) Wtd. Ave.     Low        High
      Alaska                     n.a.      n.a.        n.a.
      Hawaii                     n.a.      n.a.        n.a.
      Midwest                    n.a.      n.a.        n.a.
      Northeast                 $3.45     $2.88       $4.99
      Northwest                  n.a.      n.a.        n.a.
      South Central             $3.86     $2.99       $4.79
      Southeast                 $5.69     $5.69       $5.69
      Southwest                  n.a.      n.a.        n.a.
     Prices for: Central U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter

     Bulk Basis Pricing  - 80% Butterfat $/LB:              +0.0500 - +0.0700


     Information for the period January 7 - 11, 2019, issued weekly

     Secondary Sourced Information:

     The CME Group monthly average price for Grade AA butter during December was $2.2071, down
     from November¶s $2.2480.
     Published by:
     Dairy Market News - Madison, WI
     ISRAEL WEBER, 608-422-8601
     Email: israel.weber@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

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