Butter - Central - Wed Aug 12, 8:25PM UTC MD_DA431
Butter - Central U.S.
Report 33 - Released on August 12, 2020
Butter makers say cream is slightly tighter, but there is enough to keep Midwestern plants
at or near capacity. A few butter plant managers suggest they are fortunate to have
internally sourced cream, because offers from outside their organizations would be out of
their financial grasp. Regardless, cream churning is busy in both the upper Midwest and in
the south Central areas. Additionally, bulk butter loads are available. Retail demand has
slid, and food service numbers lag behind previous years' numbers. Undoubtedly, butter
makers are working through potential food service hurdles with school populations expected
to be lighter and/or start times to be delayed. Butter market tones are unsteady. Some
butter market participants relay $1.50 to $2.00 butter market prices are expected until the
year's end.
Prices for: Central U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter
Bulk Basis Pricing - 80% Butterfat $/LB: 0.0000 - +0.0700
Information for the period August 10 - 14, 2020, issued weekly
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
|