MD_DA410

     Butter - Eastern U.S.

     Report 49 - Released on December 02, 2020

     Eastern manufacturers note modest to good post-holiday retail butter purchases, with orders
     developing well into December. Sales volumes for the Thanksgiving holiday were good and near
     predicted levels. Some buyers are working off previously acquired inventory with some
     reluctance to purchase ahead. Butter production is heavier this week with increased volumes
     of milk supply available for processing. Butter inventories are mixed. Some sources appear
     to be in balance with demand. Post-holiday CME bulk butter prices have firmed through the
     first half of the week, along with a drop off in trades following active exchanging the day
     before Thanksgiving. Bulk butter prices range from 2 cents over to 8 cents over the CME
     average. The butter market is unsettled.
     Prices for: Eastern U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter

     Bulk Basis Pricing  - 80% Butterfat $/LB:              +0.0200 - +0.0800


     Information for the period November 30 -  December 4, 2020, issued weekly

     Secondary Sourced Information:

     CME TRADING
     Tuesday�s CME Group cash trading saw Grade AA butter close at $1.4100, up $0.1000 from a
     week ago.
     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