MD_DA431 DA MD DA431 BUTTER - CENTRAL MADISON, WI. July 1, 2015 (Report 26) CENTRAL BUTTER Churn rates are declining as cream levels tighten. Some butter manufacturers are selling excess cream instead of churning due to current pricing levels. Cream was tighter at the end of last week and the beginning of this week, but sources indicated that it will loosen as the end of the week nears, when some processors shut down for the holiday. Demand for retail butter is steady to lower as holiday orders are filled. Export interest remains weak. According to the DMN National Retail Report- Dairy, for June 26 - July 2, the national weighted average advertised price for a 1 pound package of butter price is $3.42, a 31 cent increase from last week but 9 cents lower than a year ago. The weighted average price in the Midwest was $3.07, with a range of $2.99-3.49. Bulk butter prices are at market to 5 cents over the market, based on the CME Group and various indices. The Grade AA butter price at the CME Group closed Tuesday at $1.9175, increasing 2 cents from last Tuesday. 1100CT 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