MD_DA410

     Butter - Eastern U.S.

     Report 48 - Released on November 24, 2020

     Thanksgiving holiday closures by Class II cream processors are likely to help surplus cream
     find its way into Northeast butter production. As of now, churning is fairly steady, but
     predicted to grow by week�s end. Sources in the butter market expect the scheduling of 80
     percent butter runs to meet good export interest. Inventories are adequate, as most
     manufacturers look to avoid exceeding production limitations. Domestic retail butter sales
     remain good into the Thanksgiving holiday week. Bulk butter prices range from 2 cents over
     to 7 cents over the CME average. The butter market tone is holding fairly steady.
     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 - +0.0700


     Information for the period November 23 - 27, 2020, issued weekly

     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