Report 33 – Released on August 13, 2020

Oceania butter prices dipped slightly. Butter production is increasing sharply from seasonal lows. Most manufacturers cleared stocks from last season by mid-July, which is a typical annual process. Buyers expect that timing. Increasing volumes of new season production, with production expected to climb further, have caused many buyers to step back and hope for price weakness. Most regular buyers are well stocked and can afford to be discrete in purchasing at this time of year.

Oceania, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          3,450 - 3,500


     Information for the period August 3 - 14, 2020, issued biweekly

Secondary Sourced Information:

At GDT event 265 on August 4, the butter all contracts price, $3,438, decreased 2.8 percent. The September contract, $3,450, decreased 1.6 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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