MD_DA431
DA
MD DA431 BUTTER - CENTRAL 

MADISON, WI. April 26, 2017 (Report 17)

Cream remains available for butter producers in the Central region. 
Class II producers continue to show increased interest in cream, but 
cream multiples are steady at 1.05 to 1.16. Butter demand reports 
ranged from steady to slightly strong. Retailer requests for print 
butter are better than expected according to some contacts. Butter 
production continues at active levels as cream continues clearing 
into churns. However, some producers report some upcoming off-time 
for plant maintenance. Inventory levels are steady to building. The 
butter market tone is steady. DMN National Retail Report-Dairy for 
April 21-27 noted the national weighted average advertised price for 
a 1 pound package of butter is $2.91, $0.20 above one week ago, but 
$0.40 lower than one year ago. The weighted average regional prices 
in the Midwest and South Central were $2.28 and $2.81, respectively. 
Bulk butter prices are unchanged, ranging from 2 to 7 cents over the 
market, with various periods and averages used. The NASS Cold Storage 
report noted U.S. butter stocks as of March 31, 2017 were 272.5 
million pounds, up 12% from last year and up 1% from last month. Bulk 
stocks in all warehouses were 269.9 million pounds last year at this 
time. Wednesday at the CME Group, Grade AA butter closed at $2.0975, 
up $.0275 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