Report 3 – Released on January 16, 2020

Oceania butter prices are higher. Nevertheless, looking back over 2019, the Dairy Market News monthly average price varied between $3,908 and $5,619. While manufacturers are happy with the current increase, pricing remains well below recent 2019 pricing.

Butter production is generally already committed to existing deals. With seasonally declining milk production, coupled with the need to build stocks for future committed sales,new current market spot buyers must write bigger checks to get what they want.

Oceania, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          3,975 - 4,075


     Information for the period January 6 - 17, 2020, issued biweekly

Secondary Sourced Information:

At GDT event 251 on January 7, the butter all contracts price, $4,029, increased 3.7 percent. The February contract, $3,990, increased 5.1 percent.Butter exports from Australia January – November 2019 are 11.0 percent higher than the same period of 2018, according to CLAL data made available to USDA. Butter imports decreased 6.9 percent.

Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: Eric.Graf@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