MD_DA431
DA
MD DA431 BUTTER - CENTRAL 

MADISON, WI.  May 27, 2015 (Report 21)

CENTRAL BUTTER

Butter production is steady with most manufacturers running over the 
holiday weekend. Domestic demand is still higher than expected which 
leaves some manufacturers concerned about inventory levels for Q3. 
There have been reports that exports may be picking up as other 
countries have a higher demand. Some manufacturers report that current 
sales levels are picking up with others being able to build 
inventories. Bulk butter prices are at market to 5 cents over the 
market, based on the CME Group and various indices. According to the 
DMN National Retail Report- Dairy, for May 22-28, the national 
weighted average advertised price for a 1 pound package of butter 
price is $2.77, a 12 cent decrease from last week but 5 cents higher 
than a year ago. The average price in the Midwest was $2.11, with a 
range of $1.47-2.50. The NASS Cold Storage report noted U.S. butter 
stocks on April 30 were 230.4 million pounds, 25% higher than last 
month and 23% above a year ago. The Grade AA butter price at the CME 
Group closed Wednesday at $1.8700, a 6 cent decrease from last 
Wednesday's close. 



1500CT Tara.Herbst@ams.usda.gov 608-557-7007 
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