MD_DA431
DA
MD DA431 BUTTER - CENTRAL 

MADISON, WI. March 29, 2017 (Report 13)

Butter production is active in the Central region of the country. 
Cream is still available to butter producers, as Class IV multiples 
are in the 1.05 to 1.17 range. Some butter makers continue to churn 
cream and sell/store butter, in lieu of selling spot cream. Butter 
demand varies by contact. Some butter producers report being in the 
peak of spring holiday demand, whereas others still expect stronger 
demand to come. Reports on butter stocks point to a steadily growing 
availability. The butter market tone is generally steady. DMN 
National Retail Report-Dairy for March 24-30 noted the national 
weighted average advertised price for a 1 pound package of butter is 
$2.99, $0.25 below one week ago, but $0.29 higher than one year ago. 
The weighted average regional prices in the Midwest and South Central 
were $2.83 and $2.41, respectively. This week, a cooperative export 
assistance program accepted requests for 52,360 pounds (23.75 metric 
tons) of butter. So far this year, the program has accepted 
assistance requests for 1.427 million pounds of butter. Bulk butter 
prices reported ranged from 2 to 7 cents over the market, with 
various periods and averages used. Wednesday at the CME Group, Grade 
AA butter closed at $2.1000, down $.0200 from last Wednesday.


1530CT Israel.Weber@ams.usda.gov (608)422-8601
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