MD_DA431
DA
MD DA431 BUTTER - CENTRAL 

MADISON, WI. August 23, 2017 (Report 34)

Overall demand for butter continues to compare to previous years' 
figures. Butter churning is active. Producers are pushing ahead to 
prepare production for Q4, as print butter manufacturing is 
increasing. The NASS Cold Storage report pointed out that butter 
stocks, at the end of July, were down relative to both last year and 
last month. Contacts suggest that last month's NASS Cold Storage 
report did not spur on the market as expected, so forecasts are mixed 
regarding the outcome of bullish movements from this month's report. 
Bulk butter prices were reported from 2.5 to 7 cents over the CME 
average. Cream is available for butter makers in the Central region. 
Class IV multiples were reported at/around 1.21 f.o.b. DMN National 
Retail Report-Dairy for August 18-24 noted the national weighted 
average advertised price for a 1 pound package of butter is $3.49, 
$0.21 below one week ago, but $0.08 higher than one year ago. The 
weighted average regional prices in the Midwest and South Central 
were $2.83 and $2.99, respectively. The NASS Cold Storage report 
noted U.S. butter stocks as of July 31, 2017 were 307.7 million 
pounds, down 8 percent from last year and down 1 percent from last 
month. Bulk stocks in all warehouses were 332.8 million pounds last 
year at this time. Wednesday at the CME Group, Grade AA butter closed 
at $2.6100, down $0.0525 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