MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 
MADISON, WI.   January 7, 2015 (Report 01)   


NORTHEAST BUTTER:   

Some cream based operations have returned to production from extended 
holiday shutdowns.  However, cream supplies are adequate for butter 
output close to previous weeks' levels.  The current butter price is 
considered favorable to some processors, as churning increases at those 
facilities.  Buyers are reported actively securing and putting away 
butter.  Plant butter inventories are building seasonally.  Spot market 
activity is fairly moderate.  The current bulk butter prices for domestic 
sales are flat to 5 over the market, with various time frames and 
averages used.  At the CME Group, Grade AA butter closed Tuesday at 
$1.5400 down $0.0150 from a week ago.  The December 2014 CME Group 
monthly average price for Grade AA butter is $1.7633 compared to $1.5963 
one year ago. 
DAIRY PRODUCTS:  According to NASS, U.S. butter production for November 
2014 totals 135.5 million pounds, down 4.7% from last year, and down 5.7% 
from a month ago.  Butter output in the Atlantic region totals 14.6 
million pounds, up 13.7% from November 2013 but down 7.8% from a month 
ago.

1100CT Daniel.Johnson@ams.usda.gov 608.278.4156
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