Report 23 – Released on June 10, 2021

Butter prices dipped at each end of the Oceania price range. This coincided with lower butter volumes sold at the last GDT event. Looking ahead across a number of contract periods, there is a general evenness in price levels. September pricing had been high compared with other periods but that has now fallen back into alignment. Oceania sources point out that the butter price decrease has now brought butter closer to anhydrous milkfat (AMF) on a milkfat basis.

Oceania, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,650 - 4,800

Information for the period May 31 – June 11, 2021, issued biweekly

Secondary Sourced Information:

At GDT event 285 on June 1, 2021, the butter all contracts price, $4,690, decreased 5.4 percent. The July contract, $4,665, decreased 4.9 percent.

January – April 2021 butter exports from Australia 9,500 MT, increased 190.7 percent from January – April 2020, according to CLAL data made available to USDA.

January – April 2021 butter exports from New Zealand 155,000 MT, decreased 3.4 percent from January – April 2020, according to CLAL data made available to USDA.

     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: Eric.Graf@usda.gov

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