MD_DA410

     Butter - Eastern U.S.

     Report 33 - Released on August 12, 2020

     In the East, milk intakes moving into butter plants are slightly below last week, but butter
     production is fairly steady. Some butter plants have more cream than they need and are
     happily filling offers for spot cream, which limits inventory buildup. Multiples have backed
     off this week, as cream loads exchanged in the mid-130s. The uncertainty surrounding the
     reopening of schools and universities confounds the typical re-filling of butter pipelines.
     Consequently, focus is on the approaching fall baking season to boost retail demand.
     Manufacturers note that the situation could potentially determine the size of year-end
     butter stocks. The domestic bulk butter prices range 2-6 cents over the market of the CME
     Group, with various time frames and averages used. The market is unsettled as prices changed
     higher, compared to last Tuesday.
     Prices for: Eastern U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter

     Bulk Basis Pricing  - 80% Butterfat $/LB:              +0.0200 - +0.0600


     Information for the period August 10 - 14, 2020, issued weekly

     Secondary Sourced Information:

     CME TRADING
     CME Group�s Tuesday spot butter trading ended at $1.5225, up from $1.4250 a week ago.

     EXPORT ASSISTANCE
     This week, a cooperative export assistance program accepted requests for export assistance
     to sell 534,842 pounds (243 metric tons) of butter.










     Published by:
     Dairy Market News - Madison, WI
     DANIEL JOHNSON, 608-422-8605
     Email: daniel.johnson4@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