MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   February 18, 2015 (Report 7)   


NORTHEAST BUTTER:   

Surplus cream is readily available in the Northeast.  Churns are actively 
producing butter, with plants running at/near capacity.  Inventory levels 
are mixed.  Demand is fair to good, with domestic interest mounting as 
orders emerge for holiday needs.  Both bulk butter and print butter are 
being made.  Bulk buyers are noted as likely having a sufficient supply 
on-hand, while waiting for new needs or a price drop.  Kosher butter 
production, for Passover, is expected to begin next week for some 
manufacturing operations.  The current bulk butter prices for domestic 
sales are reported flat to 4 cents over the market of the CME Group, with 
various time frames and averages used.   The market undertone remains 
unsettled.  Market participants, in some instances, are inclined to limit 
buyer/seller activity while waiting to best make a trading decision.  
Tuesday?s CME Group cash trading saw Grade AA butter close at $1.7200, 
down $0.0250 from a week ago.  According to the DMN National Retail 
Report-Dairy, for February 13-19, the national weighted average 
advertised price for 1-pound butter is $3.62, a $0.59 increase compared 
to a week ago.  The price in the Northeast is $3.69, $0.53 higher 
compared to a week ago.  The Southeast price is $4.48, an increase of 
$1.98 compared to 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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