Butter - West USDA - Wed Apr 21, 8:25PM UTC 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
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