Butter - Northeast USDA - Wed Sep 30, 3:55PM UTC MD_DA410
Butter - Eastern U.S.
Report 40 - Released on September 30, 2020
In the East, print butter clearing to retail continues to fuel butter production for some
butter manufacturers, as the industry thrusts into the peak buying season. Although cream
pricing is higher, at times, than butter producers desire, they must meet their butter
obligations during the final quarter of the year. Some retail feature activity is scheduled
to occur which will potentially clear heavier volumes. With that said, anecdotal comments
circulating the market suggest there could be a shortage of print as the year comes to an
end. Otherwise, print and bulk are adequate for current butter demand. Food service demand
is very high right now, as the USDA box program pulls from the butter supply. Interest is
good from bakeries, food processors, and private label brands. The prices for bulk butter
sales are reported 2-7 cents over the CME Group, with various time frames and averages used.
Prices for: Eastern 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 September 28 - October 2, 2020, issued weekly
Secondary Sourced Information:
CME TRADING
CME Group�s Tuesday spot butter trading ended the day at $1.5100 down from the $1.6200
close a week ago.
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
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