MD_DA410 Butter - Eastern U.S. Report 48 - Released on November 24, 2020 Thanksgiving holiday closures by Class II cream processors are likely to help surplus cream find its way into Northeast butter production. As of now, churning is fairly steady, but predicted to grow by week�s end. Sources in the butter market expect the scheduling of 80 percent butter runs to meet good export interest. Inventories are adequate, as most manufacturers look to avoid exceeding production limitations. Domestic retail butter sales remain good into the Thanksgiving holiday week. Bulk butter prices range from 2 cents over to 7 cents over the CME average. The butter market tone is holding fairly steady. Prices for: Eastern U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter Bulk Basis Pricing - 80% Butterfat $/LB: +0.0200 - +0.0700 Information for the period November 23 - 27, 2020, issued weekly Published by: Dairy Market News - Madison, WI DANIEL JOHNSON, 608-422-8605 Email: daniel.johnson4@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
Butter - Northeast