MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   March 11, 2015 (Report 10)   


NORTHEAST BUTTER:   

Butter production is slightly down from the pace of previous weeks.  
Reports indicate declines in churning rates at some facilities with 
upticks in cream demand from other Classes.  In anticipation of Easter 
and Passover holidays, interest is good for available butter holdings, 
with increases in sales of specialty butter.  However, buyers are 
expressing difficulty in locating and procuring unsalted spot butter.  
Manufacturing inventories are mixed.  Contractual orders are being met, 
as domestic butter accounts pull from current butter supplies.  Export 
interest remains sluggish.  The current bulk butter prices for domestic 
sales are reported 5 cents over the market of the CME Group, with various 
time frames and averages used.  According to the DMN National Retail 
Report-Dairy, for March 6-12, the national weighted average advertised 
price for 1-pound butter is $3.02, up $0.25 from a week ago.  The price 
in the Northeast is $3.43, a $0.01 drop from the previous week.  The 
Southeast butter price is $2.74, an increase of $.29 compared to a week 
ago.  Tuesday's CME Group cash trading saw Grade AA butter close at 
$1.7150, down $0.0350 from a week ago.  The Foreign Agricultural Service 
(FAS) reports January 2015 U.S. exports of butter and milkfat totaled 5.7 
million pounds, a 75% reduction from a year ago.
DAIRY PRODUCTS:  According to NASS, U.S. butter production for January 
2015 totals 179.5 million pounds, down 1.6% from last year, but up 7.1% 
from a month ago.  Butter output in the Atlantic region totals 21.3 
million pounds, up 4.0% from last year and 9.0% from a month ago. 

   
 2015 U.S. Butter and Milkfat Exports, (USDA-FAS)
                 
                 (Million Lb.)     % Change From
                                   1 Year Ago
                              
January Total        5.7             -   75

Total, Jan - Jan     5.7             -   75

1 Mexico             2.4             +  742
2 Iran               1.0             -   57
3 Saudi Arabia       0.5             -   88
4 Canada             0.5             +   20
5 Nigeria            0.3             -   17 

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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