MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 
MADISON, WI.   January 14, 2015 (Report 02)   


NORTHEAST BUTTER:   

Cream flows to churns are mostly steady with last week and keeping butter 
production active.  Some butter makers are increasing their production of 
82% to fill export orders.  Export and domestic demand for butter is 
good.  Current supplies are moving through contracts with some increases 
in spot sales as retail demand has improved.  Supplies are mostly in 
balance with needs.  Some butter makers are anticipating increased export 
interest in the near term, due to readily available domestic supplies at 
globally competitive prices.  The current bulk butter prices for domestic 
sales are 5-7 cents over the CME Group market, with various time frames 
and averages used.  At the CME Group, Grade AA butter closed Tuesday at 
$1.5425 up $0.0025 from a week ago.  

2014 U.S. Butter and Milkfat Exports, (USDA-FAS)
                 
                 (Million Lb.)     % Change From
                                   1 Year Ago
                              
November Total       6.4             -   68

Total, Jan - Nov   150.6             -   16

1 Saudi Arabia      33.0             -   17
2 Morocco           18.1             +   13
3 Iran              16.9             -   24
4 Egypt             10.5             -   15
5 Mexico            10.0             +   71 


1100CT Daniel.Johnson@ams.usda.gov & rick.whipp@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-
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