MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   January 21, 2015 (Report 03)   


NORTHEAST BUTTER:   

Butter production rates are steady to increasing.  Cream supplies are 
sufficient for manufacturers' targeted volumes.  Indications are that 
butter stocks are building marginally with the Easter holiday in the 
forefront.  Domestic market demand is moderate to good, as contractual 
obligations are being met and procurements based on immediate needs 
prevail.  Export interest is active.  Some additional forward sales are 
receiving price assistance.  This week, a cooperative export assistance 
program accepted requests for 1.797 million pounds of butter.  The market 
undertone is unsettled.  The current bulk butter prices for domestic 
sales are 3 to 5 cents over the CME Group market, with various time 
frames and averages used.  At the CME Group, Grade AA butter closed 
Tuesday at $1.5500 up $0.0075 from a week 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-
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