MD_DA431 DA MD DA431 BUTTER - CENTRAL MADISON, WI. September 2, 2015 (Report 35) CENTRAL BUTTER Butter production in the Central region is steady. Farm milk intakes and butterfat components are trending lower, but some churners are curtailing cream spot sales to help fill churning schedules. Regional butter inventories are mixed. Nationally, butter holdings are higher than year ago volumes. However, butter market participants cite concern over how much butter is actually uncommitted and available to meet Q3/Q4 upcoming needs, especially since a major restaurant chain announced its transition to butter use in many menu items. According to the DMN National Retail Report - Dairy, for August 28 - September 3, the national weighted average advertised price for a 1 pound package of butter price is $3.16, an 18 cent increase from last week, but 20 cents lower than one year ago. The weighted average price in the Midwest is $1.99. 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 $2.4200, increasing 12.75 cents from last Wednesday. 1530CT Janet.Linder@ams.usda.gov 608.557.7003 USDA/AMS/Dairy Market News, Madison, Wisconsin Dairy Market News website: http://www.ams.usda.gov/market- news/dairy Dairy Market News database portal: http://www.marketnews.usda.gov/mnp/da-home