Butter - West - Wed Aug 26, 8:25PM UTC 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: florence.konegonzalez@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
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