MD_DA431
DA
MD DA431 BUTTER - CENTRAL 

MADISON, WI. May 31, 2017 (Report 22)

Butter churns are active, as Central region producers are looking to 
pack away butter for the late summer and early fall. Adding to the 
production levels is the post-holiday cream availability, which had 
some butter producers opting to churn more cream as opposed to 
offering it on the spot market. Class IV cream multiples are reported 
at or around 1.15. As Class II interests continue to increase, some 
butter makers are expecting multiples to increase as early as next 
week. Retail and food service demand continues to be strong, as 
butter makers report increased sales week over week. The butter 
market tone is steady. Reported bulk butter prices are 2 to 7 cents 
over the market. DMN National Retail Report-Dairy for May 26-June 1 
noted the national weighted average advertised price for a 1 pound 
package of butter is $3.57, $0.36 above one week ago and $0.44 higher 
than one year ago. The weighted average regional prices in the 
Midwest and South Central were $3.10 and $3.23, respectively. This 
week, a cooperative export assistance program accepted requests for 
703,275 pounds (319 metric tons) of butter. So far this year, the 
program has accepted assistance requests for 3.016 million pounds of 
butter. Wednesday at the CME Group, Grade AA butter closed at 
$2.4100, up $0.0300 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