MD_DA431
DA
MD DA431 BUTTER - CENTRAL 

MADISON, WI. May 3, 2017 (Report 18)

Class II manufacturers' interests in cream have risen noticeably, yet 
cream remains available for butter makers in the Central region. 
Reported cream multiples into Class IV production range from 1.10 to 
1.15. Butter production reports vary. Some producers have slowed 
production slightly. However, others are churning abundant cream and 
storing additional butter for the late summer and fall. Butter demand 
reports were generally steady. The market tone is fair. Butter 
inventories are building. DMN National Retail Report-Dairy for April 
28-May 4 noted the national weighted average advertised price for a 1 
pound package of butter is $3.22, $0.31 above one week ago and $0.19 
higher than one year ago. The weighted average regional prices in the 
Midwest and South Central were $2.96 and $2.99, respectively. Bulk 
butter prices remained 2 to 7 cents over the market, with various 
periods and averages used. The CME Group monthly average price for 
Grade AA butter during April was $2.0992, down from March's $2.1392, 
but up from $2.0563 a year ago. Wednesday at the CME Group, Grade AA 
butter closed at $2.1200, up $.0225 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