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: 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
Butter - West