Butter - West
MD_DA440

     Butter - Western U.S.

     Report 14 - Released on April 07, 2021

     Cream is ample in the West, and some of it is moving out of the region and into eastern
     markets. Ice cream, dips, and whips are pulling some fat away from churns, but butter
     production is active, and inventories remain stable. Food service demand continues to
     flourish; restaurant sales are especially strong. Retailers are refilling cooler shelves
     after consumers took advantage of spring holiday promotions to stock home refrigerators with
     butter. Some buyers are interested in bulk butter, but cautiously so, as no one can predict
     when re-opening momentum will plateau. Healthy export interest persists.
     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 5 - 9, 2021, issued weekly

     Secondary Sourced Information:

     CME CLOSING PRICE
     The Grade AA butter price at the CME Group on Wednesday closed at $1.8150, compared to the
     weekly average price of $1.8194 from last week.

     CME GROUP MONTHLY AVERAGES
     The CME Group March 2021 monthly average price for Grade AA butter, $1.7153, is up from the
     February monthly average price of $1.3859, but down from the monthly average of a year ago,
     $1.7235.

     DAIRY PRODUCTS REPORT � BUTTER SUMMARY
     Released April 1, 2021, by the National Agricultural Statistics Service (NASS), Agricultural
     Statistics Board, United States Department of Agriculture (USDA).

     Butter Production � States and United States: February 2020 and 2021
                        Monthly Production (1000 pounds)    Percent Change from
                           FEB         JAN         FEB          FEB      JAN
     Region               2020        2021        2021         2020     2021
     United States     188,035     209,630     185,620         -1.3    -11.5

     Atlantic           19,013      19,224      18,120         -4.7     -5.7

     Central            73,271      83,138      73,800          0.7    -11.2

     West               95,751     107,268      93,700         -2.1    -12.6
        California      57,624      65,111      57,003         -1.1    -12.5


     Butter Production � Cumulative Production January - February
                      Cumulative Production   Percent Change
                            (1000 pounds)         from
     Report Month         2020        2021        2020
     FEB               381,457     395,250         3.6

     Published by:
     Dairy Market News - Madison, WI
     Mike Bandli, 608-422-8592
     Email: Mike.Bandli@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