Butter - West
MD_DA440

     Butter - Western U.S.

     Report 16 - Released on April 21, 2021

     Western cream is abundant. Contacts say there are a few pockets of seemingly tightening
     output, but even in these areas, cream supply is still meeting demand. Limited tanker
     availability continues to stymie the transportation of greater volumes of cream within, and
     out of, the region. Butter makers are maintaining seasonally active production schedules.
     Inventories are stable. Food service demand is booming; some cafeterias, restaurants, and
     other food service outlets are nearing pre-pandemic levels of operation. Retail sales are
     steady. Some industry contacts report that export demand is beginning to decline as U.S.
     butter prices, both spot and futures, are becoming less competitive on the global market.
     Prices for: Western U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter

     Bulk Basis Pricing  - 80% Butterfat $/LB:              +0.0100 - +0.0750


     Information for the period April 19 - 23, 2021, issued weekly

     Secondary Sourced Information:

     CME CLOSING PRICE
     The Grade AA butter price at the CME Group on Wednesday closed at $1.7925, compared to the
     weekly average price of $1.8810 from last week.

     EXPORT ASSISTANCE
     This week, a cooperative export assistance program accepted requests for export assistance
     to sell 272,822 pounds (124 metric tons) of butter and 2.205 million pounds (1000 metric
     tons) of anhydrous milkfat (AMF). So far this year, the program has assisted member
     cooperatives who have contracts to sell 9.1 million pounds of butter (82% milkfat) and 5.8
     million pounds of AMF in export markets. When combined with other dairy products, the
     program has assisted members with sales of 642.1 million pounds of milk on a milkfat basis.

     Published by:
     Dairy Market News - Madison, WI
     CHELSEA ROCHELLE, 608-422-8594
     Email: Chelsea.Rochelle@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