MD_DA431
DA
MD DA431 BUTTER - CENTRAL 

MADISON, WI. February 1, 2017 (Report 5)

Cream is still in abundant supply for butter makers in the Central 
region. Butter producers are turning cream away, even at relatively 
reasonable spot prices, as current supplies are sufficient. After a 
fairly quiet January, butter demand is steadily increasing as 
springtime holiday orders are starting to come in. With increased 
retail demand, print butter production continues to be the focus of 
Central producers. With an increase in print butter, bulk production 
is on the decline. Contacts report a secondary reason for backing off 
of bulk production is that they are looking to avoid adding to bulk 
storage at this time. DMN National Retail Report-Dairy for January 
27-February 2 noted the national weighted average advertised price 
for a 1 pound package of butter is $3.31, $0.06 above one week ago, 
and $0.39 higher than one year ago. The weighted average regional 
prices in the Midwest and South Central were $3.00 and $2.99, 
respectively. Bulk butter prices reported ranged from 1 to 4 cents 
over the market, with various periods and averages used. Wednesday at 
the CME Group, Grade AA butter closed at $2.2400, up $.0425 from last 
Wednesday.


1530CT Israel.Weber@ams.usda.gov (608)422-8591
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