MD_DA431

     Butter - Central U.S.

     Report 14 - Released on April 01, 2020

     Like many in the dairy industry, butter plant managers are facing a growing number of
     challenges due to COVID-19. Food service demand is bleak. Retail ordering is still firm, but
     with lighter restaurant and little to zero orders into educational institutions, butter
     inventories are growing. Butter contacts say printing is busy, as retail packages (typically
     the one-pound variety) are their main focus at this point. Cream stores are excessive.
     National butter contacts say Midwestern butter plants are taking on more cream than their
     coastal counterparts. While ice cream manufacturers and other plants that normally take on
     cream are running skeleton crews or even closed, the onus of current cream inventories falls
     on butter makers. Butter market prices are precipitously declining at disquieting levels.
     Markets are resolutely bearish.

     NATIONAL RETAIL REPORT DAIRY – BUTTER SUMMARY
     Advertised Prices at Major Retail Supermarket Outlets ending during the period of
     03/27/2020 to 04/02/2020

     Butter 1#                       Weighted Average Price
     National                  This Period   Last Week   Last Year
     Conventional                 $3.09        $3.03       $3.34
     Organic                      $5.29        $5.70       $5.37

                                       Prices This Period
     Regional (Conventional)     Wtd. Ave.      Low         High
     Midwest                      $2.80        $1.99       $3.49
     South Central                $2.83        $1.99       $3.99

     Regional (Organic)          Wtd. Ave.       Low        High
     South Central                $5.29        $5.29       $5.29

     Prices for: Central U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter

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


     Information for the period March 30 -  April 3, 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