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USDA Central States Print Butter 05/15 15:25
AMS_1089 MARS
Butter - Central U.S.
Released on May 15, 2024
Butter makers in the region report a similar market environment to previous
weeks. Customers' interests have picked up due to both seasonal trends and as a
push to get ahead of continued bullish market prices. Food service demand is
not noted as robust, but it is meeting expectations. Retail orders, though, are
ahead of previous years' numbers according to some contacts. Cream remains
widely available, particularly in the southern area of the region. That said,
cream handlers relay that Class III interests have begun to pull from the
overall cream supply in the region. Still, butter makers do not expect
near-term cream tightness. Contacts relay bulk butter is available, but not
abundant. Currently, contacts' viewpoints regarding butter market tones are
eschewing the fundamental bull versus bear narrative, but the current sentiment
is how bullish and for how long.
Prices for: Central, All First Sales, F.O.B., Grade AA, Edible Butter
Basis Pricing - 80% Butterfat: 0.02-0.08
Information for the period May 13 - 17, 2024, issued weekly
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