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
Butter - West