MD_DA431
DA
MD DA431 BUTTER - CENTRAL 

MADISON, WI. September 27, 2017 (Report 39)

Retail butter demand is steady week over week. Grocers' orders remain 
strong, as their busy season has commenced. Print butter production 
schedules continue apace. Cream is available for butter 
manufacturing. Class IV cream multiples were reported at or around 
1.23 f.o.b. Offers from cream suppliers, located in states recently 
affected by hurricane activity, have increased. Bulk butter prices 
were reported from flat market to 7 cents over the CME average. The 
butter market tone is uncertain. Contacts note that global prices are 
comparatively high, while consecutive NASS Cold Storage reports have 
shown domestic stocks are decreasing. However, the market prices 
continue to resist bullish news. DMN National Retail Report-Dairy for 
September 22-28 noted the national weighted average advertised price 
for a 1 pound package of butter is $3.83, $0.01 below one week ago, 
but $0.64 higher than one year ago. The weighted average regional 
prices in the Midwest and South Central were $3.65 and $3.13, 
respectively. The NASS Cold Storage report noted U.S. butter stocks 
as of August 31, 2017 were 280.2 million pounds, down 12 percent from 
last year and down 9 percent from last month. Bulk stocks in all 
warehouses were 318.8 million pounds last year at this time.
Wednesday at the CME Group, Grade AA butter closed at $2.4175, down 
$0.0550 from last Wednesday.


1530CT israel.weber@ams.usda.gov (608)422-8601
Al.yang@ams.usda.gov (608)422-8589
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