Report 51 – Released on December 17, 2020

The Oceania butter price range continued moving higher. Within the range, some plants also enforced higher pricing. Buyers looking for butter deliveries in coming weeks into spring helped move prices up. Butter production remains active. Even with milk production past the seasonal peak, customers for butter are signing contracts that need to be filled. While buying and selling is expected to briefly slow this week and next reflecting December holidays, some manufacturing schedules may ease slightly.

Oceania, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,125 - 4,250


     Information for the period December 7 - 18, 2020, issued biweekly

Secondary Sourced Information:

Seasonal butter exports from Australia July – October 2020, 5,314 MT, increased 93.4percent from July – October 2020 according to Dairy Australia.

At GDT event 274 on December 16, the butter all contracts price, $4,221, increased 6.0percent. The January contract, $4,220 increased 5.4 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