Butter - Northeast
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