Report 47 – Released on November 19, 2020

The Oceania butter price range moved higher. Buyers are stepping up to lock in contracts.Little wait and see strategy is evident. Buyers are comfortable to gain supply certainty at current price levels. Butter manufacturers are pleased with returns and readily seek to maintain production schedules, even at the expense of WMP and cheddar.

 Oceania, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          3,800 - 3,850


     Information for the period November 9 - 20, 2020, issued biweekly

Secondary Sourced Information:

At GDT event 272 on November 17, the butter all contracts price, $3,838 increased 0.4 percent. The December contract, $3,838 decreased 2.2 percent.Butter exports from Australia July – September 2020, 4,034 MT, increased 78.3 percent from July – September 2019 according to Dairy Australia.

 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