MD_DA440

     Butter - Western U.S.

     Report 35 - Released on August 26, 2020

     In the West, the butter market is stable. Prices are unchanged from a week ago even though
     inventories have picked up a bit. Not a lot of changes happened on the demands side. Retail
     sales are still strong, but not as much as in the past month. Food service sales remain
     lower than usual for this time of the year. According to industry participants, recent
     unrest in areas of Portland and Seattle have affected a few high-end restaurants. Some are
     modifying opening times and schedules, while others have decided to temporarily close. The
     fires in California are also affecting consumers' eating habits and their trips to
     restaurants. Butter production is active as cream is a bit more available compared to the
     past weeks. The overage range for bulk butter is unchanged this week.
     Prices for: Western U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter

     Bulk Basis Pricing  - 80% Butterfat $/LB:              0.0000 - +0.0600


     Information for the period August 24 - 28, 2020, issued weekly

     Secondary Sourced Information:

     This week, a cooperative export assistance program accepted requests for 496,040 pounds
     (225 metric tons) of anhydrous milkfat. So far this year, the program has assisted member
     cooperatives who have contracts to sell 6.934 million pounds of butter (82% milkfat) and
     3.635 million pounds of anhydrous milkfat in export markets. When combined with other dairy
     products, the program has assisted members with sales of 766 million pounds of milk on a
     milkfat basis.

     COLD STORAGE � BUTTER SUMMARY
     Released August 24, 2020, by the National Agricultural Statistics Service (NASS),
     Agricultural Statistics Board, United States Department of Agriculture (USDA).

                                                                   7/31/20
                    Stocks in all Warehouses (1,000 pounds)    as a percent of
                       7/31/19      6/30/20     7/31/20     7/31/19     6/30/20
     Butter Stocks     329,595      362,452     372,817       113         103




     Published by:
     Dairy Market News - Madison, WI
     FLORENCE KONE-GONZALEZ, (608)422-8594
     Email: [email protected]

     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