MD_DA431
DA
MD DA431 BUTTER - CENTRAL 

MADISON, WI.  March 11, 2015 (Report 10)

CENTRAL BUTTER

Central butter prices are moving lower this week. Many butter churns 
are full as operators get ready for spring holiday retail and food 
service orders. The market tone is firm as demand is strengthening. 
Some butter manufacturers are busy focusing on print butter contract 
commitments. Inventories of butter are light to moderate as some 
manufacturers are unable to grow stocks with current interest. Bulk 
butter prices increased on improved demand and limited supplies, 
ranging from market to 6 cents over the market, based on the CME Group 
and various time frames. The Grade AA butter price at the CME Group 
closed Wednesday at $1.7050, a 4.5 cent decrease from last Wednesday's 
close. This week, a cooperative assistance program assisted on 176,370 
pounds of butter for export. According to the Foreign Agricultural 
Service, exports of butter during January 2015 totaled 5.7 million 
pounds, a 75% decrease from a year ago.



2015 U.S. Butter and Milkfat Exports (USDA-FAS)
                 
                    (Million Lb.)     % Change From
                                      1 Year Ago
                              
January                 5.7             -   75

Total Jan. - Jan.       5.7             -   75
   1 Mexico             2.4             +  742
   2 Iran               1.0             -   57
   3 Saudi Arabia       0.5             -   88
   4 Canada             0.5             +   20
   5 Nigeria            0.3             -   17 


 



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