MD_DA410

     Butter - Eastern U.S.

     Report 15 - Released on April 14, 2021

     Butter production is currently stable in the East region. Some operations are working
     through internal milk/cream supplies and are not purchasing additional cream loads at this
     time. Cream suppliers are offering loads in the mid to high 1.30s. There are reports ice
     cream plants are pulling a hefty amount of cream for increased production schedules. Butter
     makers relay there has been a slight halt in retail orders. In addition, private label
     brands are also limiting regular orders at this time. Foodservice sales for butter are
     improving throughout the region. The butter market is holding a fairly stable tone. Bulk
     butter prices range 3 - 8 cents over the CME, with various time frames and averages used.
     Prices for: Eastern U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter

     Bulk Basis Pricing  - 80% Butterfat $/LB:              +0.0300 - +0.0800


     Information for the period April 12 - 16, 2021, issued weekly

     Secondary Sourced Information:

     2021 U.S. BUTTER AND MILKFAT EXPORTS (USDA-FAS)

                      2020 Exports      % Change From
                      (Million Lb.)       1 Year Ago
     TOTAL, FEB            8.5             +107

     TOTAL, JAN-FEB       15.6             + 95
     Exports � Destination Country
     1 Canada              4.7             + 28
     2 Egypt               3.0         +183,519
     3 Saudi Arabia        1.7             +249
     4 Mexico              1.3             -  8
     5 Bahrain             0.8             +846

     2021 U.S. BUTTER AND MILKFAT IMPORTS (USDA-FAS)
     (Imports for Consumption)
                                                2020 Imports      % Change From
                                                (Million Lb.)       1 Year Ago
     February Imports
       Total Butter, Fats, Milk (H.S. Code 0405)     4.3              - 49
       Butter
        Quota (H.S. Code 405101000)                  1.3              - 14
        Over Quota (H.S. Code 405102000)             2.2              - 34
       AMF
        Quota (H.S. Code 405901020)                  0.5              + 89
        Over Quota (H.S. Code 405902020)             0.1              - 94
       Other Milk Fat                                0.2              - 85

                                                2020 Imports      % Change From
                                                (Million Lb.)       1 Year Ago
     TOTAL, JAN-FEB                                  9.8              - 44
     Imports � Country of Origin
      1 Ireland                                      3.9              - 31
     2 India                                         2.1              - 50
     3 New Zealand                                   1.8              +246
     4 United Kingdom                                0.6              + 47
     5 France                                        0.6              - 54

     Published by:
     Dairy Market News - Madison, WI
     JESSICA MUELLER, 608-422-8589
     Email: jessica.mueller@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