Butter - Central

     Butter - Central U.S.

     Report 7 - Released on February 14, 2018

     Butter interest is trending up throughout the Central region. Current prices have garnered
     the attention of buyers, as butter producers report steady to increased sales this week.
     Cream remains available for butter churning, although there are some reports that cream
     suppliers are not offering out as much. Reported Class IV cream multiples ranged from 1.05
     to 1.15 f.o.b. Butter production varies from plant to plant, but some butter producers are
     cutting back on production, as stocks are in balance for the upcoming seasonal push. This
     week's market price uptick has, at least temporarily, quashed some of the recent anxiety
     felt by butter producers in the region and across the nation. Bulk butter prices ranged from
     flat market to 7 cents over the CME average.

     DMN National Retail Report-Dairy for February 9-15 noted the national weighted average
     advertised price for a 1 pound package of butter is $3.56, $.23 below one week ago, but
     $.52 above one year ago.

     Wednesday at the CME Group, Grade AA butter closed at $2.1350, up $.0600 from last
     Prices for: Central U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter

     Price Range  - 80% Butterfat; $/LB:                    0.0000 - 0.0700

     Information for the period February 12 - 16, 2018, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     ISRAEL WEBER, 608-422-8601
     Email: israel.weber@ams.usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: 608-422-8602
     DMN Website: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home