MD_DA431
DA
MD DA431 BUTTER - CENTRAL 

MADISON, WI. August 30, 2017 (Report 35)

Butter demand reports continue to be positive. Producers are 
reporting more interest in unsalted butter, as global prices are 
markedly higher than domestic rates. Butter production remains 
active, as print butter preparations are underway for the upcoming 
peak ordering season. Bulk butter prices held steady at 2.5 to 7 
cents over the CME average. Pre-holiday cream multiples are available 
for Class IV production, as Central region butter producers reported 
multiples at/around 1.18 f.o.b. The butter market tone has been 
fairly steady. Even so, contacts who thought the $3.00 CME market 
price was a near term possibility have tempered their expectations. 
DMN National Retail Report-Dairy for August 25-31 noted the national 
weighted average advertised price for a 1 pound package of butter is 
$3.52, $0.03 above one week ago and $0.52 higher than one year ago. 
The weighted average regional price in both the Midwest and South 
Central was $3.19. Wednesday at the CME Group, Grade AA butter closed 
at $2.5950, down $0.0150 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