Butter - Central

     Butter - Central U.S.

     Report 24 - Released on June 13, 2018

     Butter manufacturing varies by plant. Some Midwestern plant managers are microfixing, while
     others are taking on heavier loads of cream in fairly large volumes. Regarding cream, some
     butter producers who recently relayed tightness in their area are suggesting that supplies
     have loosened. Butter demand is steady, both contract and spot markets have been reportedly
     consistent. Butter producers maintain that sales, of both salted and unsalted butter, are
     meeting or above expectations. Bulk butter is readily available from producers and traders.
     The butter market tone is a little cloudy.

     The DMN National Retail Report-Dairy for June 8-14 noted the national weighted average
     advertised price for a 1 pound package of butter is $3.59, 26 cents above one week ago and
     13 cents above one year ago. The weighted average regional prices in the Midwest and South
     Central were $3.32 and $3.04, respectively.
     Prices for: Central U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter

     Bulk Basis Pricing  - 80% Butterfat $/LB:              +0.0200 - +0.0700

     Information for the period June 11 - 15, 2018, issued weekly

     Secondary Sourced Information:

     Wednesday�s CME Group price for Grade AA butter is $2.3575, compared to $2.3800 last
     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