MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   February 25, 2015 (Report 8)   


NORTHEAST BUTTER:   

Butter manufacturers are churning at seasonally high rates.  Easter and 
Passover holiday production has begun and is expected to continue over 
the next few weeks.  Inventories are mixed, with a few plants building 
supplies to back impending holiday sales.  Some suppliers are looking to 
clear any butter that's eligible for sale on the CME, as the cutoff date 
for old butter trade is Friday, February 27.  The current bulk butter 
prices for domestic sales are reported 2 to 6 cents over the market of 
the CME Group, with various time frames and averages used.  Butter prices 
moved lower with 12 loads exchanging hands, as Tuesday's CME Group cash 
trading saw Grade AA butter close at $1.6425, down $0.0775 from a week 
ago.  The market undertone remains unsettled.   According to the DMN 
National Retail Report-Dairy, for February 20-26, the national weighted 
average advertised price for 1-pound butter is $3.18, a $0.44 drop from a 
week ago.  The price in the Northeast is $2.91, $0.78 lower compared to a 
week ago.  This week, the Southeast butter price is $3.25, a decrease of 
$1.23 compared to a week ago. 
COLD STORAGE:  According to NASS, U.S. butter in storage on January 31, 
2015 totaled 148.1 million pounds, 3% more than one year ago and 41% more 
than the previous month.    


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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