Report 39 – Released on September 26, 2019

Oceania butter prices are higher. Buying interest is diverse, for near term deliveries as well as through 2019 and into 2020. With regional milk production near seasonal peaks, and butter plants maintaining active production schedules, many buyers are comfortable with locking in commitments. Stronger pricing has been evident through September, leading some buyers to feel it is advisable to get what they can at current prices. The concern is that prices may keep rising when seasonal milk production declines.

Oceania, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,150 - 4,250


     Information for the period September 16 - 27, 2019, issued biweekly

Secondary Sourced Information:

This week Dairy Australia released final manufactured dairy product data for the July 2018ą June 2019 season. Butter production, 40,567 MT, was 31.8 percent lower than the previous season. Production every month was lower than the corresponding month of the previous season.

At GDT event 244 on September 17, the butter all contracts price, $4,129, increased 2.7

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
     DMN MARS (My Market News): https://mymarketnews.ams.usda.gov