Butter - West

     Butter - Western U.S.

     Report 7 - Released on February 14, 2018

     In the West, butter production is lively as manufacturers clear heavy cream loads to the
     churns. Reports suggest that although butter sales are copacetic, they are not enough to
     counter the heavy supplies of cream. Butter supplies are steady to growing in the West
     partly due to an upsurge in freight cost for out of region sales. Retail orders for the
     forthcoming holiday are starting to pick up in the West. Processors also report receiving
     more inquiries for bulk butter. Western bulk butter prices for this week range 2 cents below
     to 6.5 cents above the market, based on the CME Group with various periods and averages
     used. The DMN National Retail Report´┐ŻDairy for the week of February 9-15 found that the U.S.
     weighted average advertised price of 1 pound butter is $3.56 down $.23 from last week. The
     U.S. weighted average price was $3.04 one year ago. The weighted average price in the
     Southwest is $3.61, with a price range of $1.99-$5.99. The weighted average price in the
     Northwest is $3.55, with a price range of $1.99-$4.29.
     Prices for: Western U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter

     Price Range  - 80% Butterfat; Basis Pricing:           -0.0200 - 0.0650

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

     Secondary Sourced Information:

     The Grade AA butter price at the CME Group on Wednesday closed at $2.1350, up $.0600 from a
     week ago.
     Published by:
     Dairy Market News - Madison, WI
     Florence Kone-Gonzalez, (604)422-8594
     Email: Florence.KoneGonzalez@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