Butter - West
MD_DA440

     Butter - Western U.S.

     Report 3 - Released on January 20, 2021

     In the West, butter production is generally heavy as runs include salted and unsalted
     butter. Domestic butter interest typically declines after the holidays and plants
     consequently experience increases in inventory, which is no exception for butter
     manufacturers in the region this year. Cream that is available for churning is highly
     sufficient, although a drop is noted in the region�s surplus cream, as Class II cream-based
     operations shift to post-holiday production gear. Bulk butter production is active and
     continues to build cold storage volumes. The f.o.b. West bulk butter price is $0.0350 to
     $0.0750 over the market of the CME Group, with various time frames and averages used. Retail
     store sales are fair and expected to increase as some retail outlets are already discussing
     orders for the upcoming holiday. Featured activity for butter is higher this week in parts
     of the region. Export market trading continues to be good.
     Prices for: Western U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter

     Bulk Basis Pricing  - 80% Butterfat $/LB:              +0.0350 - +0.0750


     Information for the period January 18 - 22, 2021, issued weekly

     Secondary Sourced Information:

     This week, a cooperative export assistance program accepted requests for export assistance
     to sell 1.144 million pounds (519 metric tons) of butter.
     Published by:
     Dairy Market News - Madison, WI
     DANIEL JOHNSON, 608-422-8605
     Email: [email protected]

     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