Report 43 – Released on October 28, 2021

Prices for Oceania butter moved higher at both ends of the price range. A strong showing atthe latest GDT event and higher prices reported by manufacturers are giving a lift to marketprices. Oceania butter futures show prices may stay supported for the near term and may notease until May 2022. Industry sources suggest butter demand is solid. Supplies are tight, asmanufacturers direct more of the available milk to cheese and casein production instead ofto butter churns.

     Oceania, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,900 - 5,225


     Information for the period October 18 - 29, 2021, issued biweekly

Secondary Sourced Information:

At GDT event 294, on October 19, 2021, the butter all contracts price, $5,111, increased4.7 percent. The November contract, $5,202, increased 4.7 percent.

     Published by:
     Dairy Market News - Madison, WI
     MIKE BANDLI, (608)422-8592
     Email: mike.bandli@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