Butter - Central
USDA - Wed Jun 12, 11:27AM CDT
MD_DA431

     Butter - Central U.S.

     Report 24 - Released on June 12, 2019

     Midwestern butter supplies are somewhat tight, while demand is steadfast. Bulk butter prices
     are climbing on the low end, as producers continue to report increases in micro-fixing. Spot
     cream prices were few and far between, as viably priced spot cream loads are scant. Still,
     some butter producers suggest a balance in churning contractually sourced cream and micro-
     fixing. Buyers in the Midwest are finding some deals on bulk butter out West. They suggest
     availability there may keep butter markets from a full-on bullish push. That said, market
     prices are brandishing their horns nonetheless, a quarter cent under their 2019 high as of
     Tuesday.

     National Retail Report Dairy � Butter Summary
     Advertised Prices at Major Retail Supermarket Outlets ending during the period of 6/07/2019
      to 6/13/2019

     Butter 1#                       Weighted Average Price
     National                  This Period   Last Week   Last Year
     Organic                     $5.99         $5.29       $5.03
     Conventional                $3.25         $3.48       $3.59

     Prices This Period
     Regional (Conventional)    Wtd. Ave.       Low         High
     Midwest $2.65 $2.39 $2.79
     Northeast$3.30 $2.50 $5.99
     Northwest$3.19 $2.49 $3.99
     South Central               $4.49         $4.49       $4.49
     Southeast                   $3.99         $3.99       $3.99

     Alaska                      $4.15         $3.50       $4.49
     Hawaii                      $4.99         $4.99       $4.99
     Midwest                     $2.49         $2.49       $2.49
     Northeast                   $3.41         $2.50       $4.99
     Northwest                   $3.75         $1.99       $4.39
     South Central               $3.45         $3.19       $3.77
     Southeast                   $3.29         $3.29       $3.29
     Southwest                   $3.38         $2.88       $3.99

     Regional (Organic)         Wtd. Ave.       Low         High
     Southeast                   $5.99         $5.49       $6.49
     Prices for: Central U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter

     Bulk Basis Pricing  - 80% Butterfat $/LB:              +0.0400 - +0.0750

     Information for the period June 10 - 14, 2019, issued weekly

     Secondary Sourced Information:

     2019 U.S. Butter and Milkfat Imports (USDA-FAS)
     (Imports for Consumption)
                                                2019 Imports      % Change From
                                                (Million Lb.)       1 Year Ago
     April Imports
       Total Butter, Fats, Milk (H.S. Code 0405)    10.1             + 12
       Butter
        Quota (H.S. Code 405101000)                  0.8             - 43
        Over Quota (H.S. Code 405102000)             5.7             + 49
       AMF
        Quota (H.S. Code 405901020)                  0.3             +141
        Over Quota (H.S. Code 405902020)             2.9             + 58
       Other Milk Fat                                0.4             - 79

                                                2019 Imports      % Change From
                                                (Million Lb.)       1 Year Ago
     TOTAL, JAN - APR                               35.2             + 27
     Imports � Country of Origin
      1 Ireland                                     17.4             + 22
      2 Mexico                                       7.3             + 57
      3 Australia                                    3.3            +1789
      4 France                                       1.3             - 24
      5 India                                        1.1             - 68

     2019 U.S. Butter and Milkfat Exports (USDA-FAS)

                      2019 Exports      % Change From
                      (Million Lb.)       1 Year Ago

     April                 3.2             - 71

     TOTAL, JAN - APR     20.3             - 31
     Exports � Destination Country
      1 Canada             6.7             - 28
      2 Columbia           2.8            +1576
      3 Saudi Arabia       2.4             + 55
      4 Mexico             2.4             - 73
      5 South Korea        2.0             +140
     Published by:
     Dairy Market News -
     Israel Weber, 608-422-8601
     israel.weber@usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home