MD_DA431 DA MD DA431 BUTTER - CENTRAL MADISON, WI. July 22, 2015 (Report 29) CENTRAL BUTTER Butter prices were uneven but moved sharply higher towards the middle of the week. Butter production is strong even with cream levels tight. Some manufacturers are electing to sell available cream for more favorable pricing levels instead of churning. Some manufacturers report food service and retail sales are increasing. Most manufacturers are reporting comfortable inventory levels. According to the DMN National Retail Report- Dairy, for July 17-23, the national weighted average advertised price for a 1 pound package of butter price is $3.26, a 24 cent increase from last week and 22 cents from a year ago. The weighted average price in the Midwest was $2.80, with a range of $2.50-2.99. The NASS Cold Storage report noted U.S. butter stocks on June 30 were 254.7 million pounds, 4% lower than last month but 28% above a year ago. Bulk butter prices are at 6 cents under market to 2 cents over market, based on the CME Group and various indices. The Grade AA butter price at the CME Group closed Wednesday at $1.8750, increasing 2.25 cents from last Wednesday. 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- home