Butter Highlights
USDA - Fri Feb 08, 12:12PM CST

     Butter Highlights

     Report 6 - Released on February 8, 2019

     With the milk butterfat component at its seasonal higher peak, cream supplies are more than
     adequate for butter manufacturing at a national level. Therefore, butter churning is ongoing
     in each region of the country, while inventories continue building into cold storage for
     later use during the year. Print/bulk butter interest from some market channels, such as
     grocery stores, wholesalers and restaurants, vary throughout the country. The butter market
     undertone is seasonally stable at this point, while the cream market is in a bearish
     position due to higher supplies. Bulk butter pricing varies among the regions: East, 5.0
     cents to 8.0 cents over the market; Central, 5.0 cents to 7.0 cents above the market; West,
     2.0 cents to 7.5 cents over the market, with various periods and averages used. Today�s CME
     Group cash price for Grade AA butter is $2.2950, up $0.0050, compared to last Friday�s
     price, $2.2900.

     Information for the period February 4 - 8, 2019, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     ANGEL TERAN-RAMOS, 6084228593
     Email: angel.teran@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