Report 17 – Released on April 29, 2021

The Oceania butter price range moved lower, more at the top range price than the bottomrange price. Oceania sources view this decline as minor considering current butter supplypressure on pricing. More butter was made available for contracting the next two months andthat decision had been expected to lower prices. The downward price movement in thiscircumstance was a nonevent for many buyers and sellers. Making butter remains profitable.In fact, SMP and butter are the most profitable for processors at current price levels.Plants focused on butter would make more if they had more milk available.

  Oceania, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          5,700 - 5,750


     Information for the period April 19 - 30, 2021, issued biweekly

Secondary Sourced Information:

At GDT event 282 on April 20, 2021, the butter all contracts price, $5,736, decreased 0.6percent. The May contract, $5,720, decreased 0.7 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

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