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USDA - AMS: Butter - Northeast (2019-01-16)

USDA U.S. Department of Agriculture - January 16, 2019


     MD_DA410

     Butter - Eastern U.S.

     Report 3 - Released on January 16, 2019

     Eastern cream supplies continue to be available on the spot market for market participants'
     immediate needs. Some butter operations are purchasing cream spot loads for production
     needs. Current cream multiples range in the low to upper teens. Although the holidays are
     past, butter churns are fairly active in the region at this time. Inventories are stable to
     somewhat limited. Moreover, a few manufacturers are churning to cover customers' requests.
     Butter spot market prices are stable right now. Trading activity is steady to a bit higher.
     The bulk butter price is reported 5 cents to 8 cents over the market of the CME Group, with
     various time frames and averages used. The market undertone is stable.

     National Retail Report Dairy  Butter Summary
     Advertised Prices at Major Retail Supermarket Outlets ending during the period of 1/11/2019
      to 1/17/2019

     Butter 1#                        Weighted Average Price
     National                     This Period      Last Week       Last Year
      Organic                        $5.29           $5.63            n.a.
      Conventional                   $3.47           $3.67           $3.36

     Prices This Period
     Regional (Conventional)      Wtd. Ave.          Low             High
      Northeast                      $3.67           $2.99           $4.99
      Southeast                      $3.94           $3.50           $3.99
     Prices for: Eastern U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter

     Bulk Basis Pricing  - 80% Butterfat $/LB:              +0.0500 - +0.0800


     Information for the period January 14 - 18, 2019, issued weekly

     Secondary Sourced Information:

     This week, a cooperative export assistance program accepted seven requests for export
     assistance to sell 454,152 pounds (206 metric tons) of butter.

     Tuesday's CME Group butter price closed the day at $2.2575, up $.0275 from the previous
     Tuesday's closing price.
     Published by:
     Dairy Market News - Madison, WI
     JESSICA MUELLER, 608-422-8589
     Email: Jessica.Mueller@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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