MD_DA431
DA
MD DA431 BUTTER - CENTRAL 

MADISON, WI.  July 15, 2015 (Report 28)

CENTRAL BUTTER

Cream supplies are tightening and multiples are moving higher. Some 
sources indicate cream is available but most butter manufacturers are 
not interested in buying more than current needs at current pricing 
levels. Central butter sales remain strong. Some contacts are noting 
orders for food service and restaurants are picking up. Inventory 
levels are comfortable for most manufacturers. According to the DMN 
National Retail Report- Dairy, for July 10-16, the national weighted 
average advertised price for a 1 pound package of butter price is 
$3.02, a 2 cent decrease from last week and from a year ago. The 
weighted average price in the Midwest was $2.33, with a range of 
$2.00-2.50. Bulk butter prices are at 6 cents under market to market, 
based on the CME Group and various indices. The Grade AA butter price 
at the CME Group closed Wednesday at $1.8525, decreasing 6.75 cents 
from last Wednesday. 



2015 U.S. Butter Imports (USDA-FAS)
                  (Million Lb.)       % Change From   % of  
                                      1 Year Ago      Yearly Quota
June  Quota Imports  0.8              -  36               5 
Jan. - June   
High Tier            5.6              +3211              N.A. 
Quota Imports       10.6              +  30              69


1530CT 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-
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