Butter - Central USDA - Wed Mar 03, 9:28PM UTC MD_DA431
Butter - Central U.S.
Report 9 - Released on March 03, 2021
Butter contacts expected some upside following the "new crop" butter rule on the CME, but
few suggest they expected the nearly $.25 bump in its first two days. Some contacts question
the sustainability of the butter markets with the amount of bulk butter available. That
said, as domestic prices continue to be a good value to exporter interests, there are some
bullish indicators moving forward. Cream remains accessible for butter producers. Most are
finding cream at multiples below 1.20 and some cleared loads at below 1.15 this week.
Churning is, and has been, very active with very few pauses in recent weeks.
Prices for: Central U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter
Bulk Basis Pricing - 80% Butterfat $/LB: +0.0075 - +0.0500
Information for the period March 1 - 5, 2021, issued weekly
Secondary Sourced Information:
The CME Group February monthly average price for Grade AA butter was $1.3859, compared to
$1.3496 in January.
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
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