MD_DA431
DA
MD DA431 BUTTER - CENTRAL 

MADISON, WI. October 4, 2017 (Report 40)

Cream into butter churns remains available as butter producers continue to 
report Class IV multiples at or around 1.23 f.o.b. Butter production rates 
are generally steady, matching cream availability. With accessible cream, 
some producers have eased back on microfixing. Retail buyers are continuing 
with their holiday orders. Some contacts suggest many domestic manufacturers 
are not producing the 82 percent butterfat European style butter, so global 
interest is up, but only with specific U.S. manufacturers. Bulk butter 
prices are steady at flat market to 7 cents over the CME average. The butter 
market tone remains unstable. DMN National Retail Report-Dairy for September 
29-October 5 noted the national weighted average advertised price for a 1 
pound package of butter is $3.78, $0.05 below one week ago, but $0.40 higher 
than one year ago. The weighted average regional prices in the Midwest and 
South Central were $3.26 and $3.29, respectively. The CME Group monthly 
average price for Grade AA butter during September was $2.4370, down from 
August's $2.6473, but up from $1.9950 a year ago. Wednesday at the CME 
Group, Grade AA butter closed at $2.3550, down $0.0625 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-
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