Butter - West
USDA - Wed Jan 09, 3:19PM CST
MD_DA440

     Butter - Western U.S.

     Report 2 - Released on January 09, 2019

     Western butter inventories are in build stage as the winter holiday season passes in the
     rearview mirror. Butter makers are shifting into more bulk butter production, but they also
     suggest they have gotten significant orders from retailers refilling the store shelves.
     Demand appears to be seasonal strong for both bulk and print butter. Milk handlers say milk
     components have remained strong and there is plenty of cream for churning.

     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 for: Western 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 January 7 - 11, 2019, issued weekly

     Secondary Sourced Information:

     CME Group Monthly Averages
     The CME Group December 2018 monthly average price for AA butter, $2.2071, is down from the
     November monthly average of $2.2480. One year ago the CME Group monthly average was
     $2.2078.

     CME Closing price
     The Grade AA butter price at the CME Group on Wednesday closed at $2.2350, compared to the
     weekly average price of $2.2338 from last week.
     Published by:
     Dairy Market News - Madison, WI
     MIKE BANDLI, (608)422-8592
     Email: mike.bandli@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