MD_DA410 DA MD DA410 BUTTER - NORTHEAST MADISON, WI. April 08, 2015 (Report 14) NORTHEAST BUTTER: Active churning, due to the level of cream availability within the region, is furthering butter stocks. The bulk of butter production is moving into inventory programs. In general, post-holiday trading is rather quiet. Retail butter sales are much lower for most processors. 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. According to the DMN National Retail Report-Dairy, for April 3-9, the national weighted average advertised price for 1-pound butter is $2.46, down $0.33 from a year ago. The Northeast regional price is $2.71, a $0.18 increase from the previous week. In the Southeast, butter averaged $2.25, a $.31 decline compared to a week ago. The CME Group monthly average price for Grade AA butter during March was $1.7166, compared to $1.9145 a year ago. Tuesday's CME Group cash trading saw Grade AA butter close at $1.7400, down $0.0450 from a week ago. The Foreign Agricultural Service (FAS) reports February 2015 U.S. exports of butter and milkfat totaled 5.6 million pounds, a 72% decline from a year ago. DAIRY PRODUCTS: According to NASS, U.S. butter production for February 2015 totals 156.1 million pounds, down 4.8% from last year and down 13.1% from a month ago. Butter output in the Atlantic region totals 18.6 million pounds, up 6.1% from last year but down 11.0% from a month ago. 2015 U.S. Butter and Milkfat Exports (USDA-FAS) (Million Lb.) % Change From 1 Year Ago February 5.6 - 72 Total Jan. - Feb. 11.3 - 73 1 Mexico 3.8 + 298 2 Saudi Arabia 3.6 - 61 3 Iran 1.0 - 57 4 Canada 0.7 + 23 5 South Korea 0.4 0 1100CT Daniel.Johnson@ams.usda.gov 608.557.7006 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- home