MD_DA440 Butter - Western U.S. Report 43 - Released on October 21, 2020 Butter production levels are variable in the West. Projected orders are coming in at expected levels and being satisfied using stored inventory in addition to new butter production. Sourcing cream has not been a problem for West butter makers, availability ticks higher, even as seasonal competition from Class II manufacturing takes form. Cream multiples range 1.05-1.26. Print manufacturing is very active and unsalted butter demand has increased with the shift to the baking season. Regional factors that hamper sales in the foodservice sector are ongoing and broadly curb total volumes sold. Export orders continue to advance butter supplies to offshore customers. Current prices for bulk butter range from +.0200 to +.0750 over the market, based on the CME, with various time frames and averages used. The market underscores firmness as butter prices incrementally climb. 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 - +0.0750 Information for the period October 19 - 23, 2020, issued weekly Secondary Sourced Information: The Grade AA butter price at the CME Group on Wednesday closed at $1.4525,compared to the weekly average price of $1.4825 from last week. 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
Butter - West