MD_DA431
DA
MD DA431 BUTTER - CENTRAL 

MADISON, WI. May 4, 2016 (Report 18)


Central butter demand is generally unchanged from year ago patterns, 
according to butter manufacturers. Food service interest is steady. 
Retail demand is trending sideways. Some recent features at consumer 
outlets offering bundled pricing on one pound packages have helped 
clear retailer inventories brought in prior to the spring holidays. 
Bulk butter prices reportedly range from market to 9 cents over the 
market, with various time frames and averages used. Butter production 
is steady to lower as additional cream volumes clear to Class II 
production. Butter stocks are building steadily, although most 
manufactures are holding those stocks with confidence. The DMN 
National Retail Report-Dairy for April 29-May 5 noted the national 
weighted average advertised price for a 1 pound package of butter was 
$3.03, $0.28 below one week ago, and $0.36 below one year ago. The 
weighted average prices in the South Central region is $3.00. There 
were no advertisements for one pound packages of conventional butter 
in the Midwest this week. The CME Group monthly average price for Grade AA 
butter during April was $2.0563, compared to $1.7937 a year ago. Wednesday 
at the CME Group, Grade AA butter closed at $2.0300, down $0.0100 from 
last Wednesday. 


2016 U.S. Butter and Milkfat Exports (USDA-FAS)

                 2016 Exports      % Change From 
                 (Million Lb.)       1 Year Ago

March Total           7.3             + 26

TOTAL, JAN - MAR     22.1             + 29
 1 Mexico            16.5             +219
 2 Canada             1.9             + 38
 3 Saudi Arabia       1.4             - 77
 4 South Korea        0.4             - 56
 5 Taiwan             0.2             + 32



1530CT Janet.Linder@ams.usda.gov 608.557.7011
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/map/da-home