MD_DA431
DA
MD DA431 BUTTER - CENTRAL 

MADISON, WI.  February 4, 2015 (Report 5)

CENTRAL BUTTER

The cash market is higher this week partly due to early Easter. Prices 
are gaining momentum, increasing every day this week on the CME.  Some 
buyers are purchasing only what is needed as they wait and see if 
prices will come down. Domestic demand is steady to higher while 
export demand has weakened.  Spot loads are available but buyers and 
sellers are negotiating prices. Cream is readily available.  Bulk 
butter prices are ranging from market to 6 cents over the market, with 
various time frames and averages used. Wednesday at the CME Group, 
Grade AA butter closed at $1.8500, up $0.2125 from last Wednesday. The 
NASS Dairy Products Report shows butter production in December 2014 
was at 167.0 million pounds, up 3.3% from December 2013. Total 
cumulative production for 2014 was 1.831 billion pounds, down 1.7% 
from 2013. According to the DMN National Retail Report- Dairy, the 
national weighted average advertised price of a pound of butter was 
$3.32, down $.20 from last week, but up $.47 from year ago. In the 
Midwest, the weighted average price was $3.14, with a range of $2.79-
3.50.   
               

1500CT Tara.Herbst@ams.usda.gov 608-278-4154 
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: 
http://www.marketnews.usda.gov/mnp/da-home