MD_DA431

     Butter - Central U.S.

     Report 44 - Released on October 28, 2020

     Cream remains widely available for butter producers in the region. They report competitive
     prices from both local and Western cream sources. Butter demand is seasonally hearty.
     Grocers are stocking shelves and butter plant managers are working to keep up. Thus,
     churning is very busy for regional producers. Like cheesemakers in the region, there are
     some COVID-19 related setbacks regarding working staff. There are expectations of strong
     ordering for the next two weeks. Butter market tones remain soft. More contacts are
     expecting to see some upticks in export markets, with domestic butter prices becoming
     competitive globally.
     Prices for: Central U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter

     Bulk Basis Pricing  - 80% Butterfat $/LB:              0.0000 - +0.0500


     Information for the period October 26 - 30, 2020, issued weekly

     Secondary Sourced Information:

     COLD STORAGE � BUTTER SUMMARY
     Released October 22, 2020, by the National Agricultural Statistics Service (NASS),
     Agricultural Statistics Board, United States Department of Agriculture (USDA).

                                                                   9/30/20
                    Stocks in all Warehouses (1,000 pounds)    as a percent of
                       9/30/19      8/31/20     9/30/20     9/30/19     8/31/20
     Butter Stocks     290,649      371,519     343,899       118         93

     Published by:
     Dairy Market News - Madison, WI
     ISRAEL WEBER, 608-422-8601
     Email: israel.weber@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