MD_DA431
DA
MD DA431 BUTTER - CENTRAL 

MADISON, WI. August 2, 2017 (Report 31)

Butter makers continue to report that weekly sales figures are 
improved from last year's figures. Food service orders continue to be 
the focus of production for some butter producers. Butter 
manufacturers continue to try to manage plant updates/maintenance, 
while keeping fairly active churning schedules. Cream moving into 
Class IV plants is still available. Cream multiples into Class IV 
were reported between 1.20 and 1.25. Some market participants 
consider the possibility of a $3.00 CME cash price by the early fall. 
Last week's $.1350 bump on the CME, according to contacts, helped 
bolster that possibility. Bulk butter prices ranged from flat market 
to $.0700 over the CME average. Wednesday at the CME Group, Grade AA 
butter closed at $2.7100, up $0.1025 from last Wednesday. DMN 
National Retail Report-Dairy for July 28-August 3 noted the national 
weighted average advertised price for a 1 pound package of butter is 
$3.49, $0.27 above one week ago and $0.28 higher than one year ago. 
The weighted average regional prices in the Midwest and South Central 
were $3.10 and $2.39, respectively.



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