MD_DA431 DA MD DA431 BUTTER - CENTRAL MADISON, WI. October 12, 2016 (Report 41) Cream supplies continue increasing in the Central region. Therefore, cream is readily available for butter churning purposes. Butter production is ongoing as many processors are gearing up operational schedules in order to meet the upcoming year-end holiday needs. Some manufacturers continue microfixing. Bulk butter inventories are heavy. According to some processors, butter stocks were building with anticipation of being short in Q4. Consequently, spot prices remain low, boosting the interest of several buyer/end users. Retail demand for print butter is seasonally strong. Bulk butter prices reported ranged from one cent under market to 5 cents over the market, with various periods and averages used. The DMN National Retail Report- Dairy for October 7-13 noted the national weighted average advertised price for a 1 pound package of butter is $3.23, 15 cents below one week ago, but 14 cents higher than one year ago. The regional weighted average prices in the Midwest and South Central are $3.30 and $3.35, respectively. Wednesday at the CME Group, Grade AA butter closed at $1.7900, down 6 cents from last Wednesday. 1530CT Angel.Teran@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