MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   May 27, 2015 (Report 21)   


NORTHEAST BUTTER:   

Churning activity remains seasonally strong although cream supplies may 
not be as heavy as over the past few weeks.  Stock levels are building as 
churning continues to exceed demand.  Retail orders have declined. 
Market prices are expected to stabilize from unforeseen highs occurring 
over past weeks.  Buyers and sellers alike are both cautious, while 
attentive to signs of the market settling.  Current bulk butter prices 
for domestic sales are reported 4-7 cents over the market of the CME 
Group, with various time frames and averages used.  According to the DMN 
National Retail Report-Dairy, for May 22-28, the national weighted 
average advertised price for 1-pound butter is $2.77, up $0.05 from a 
year ago.  The Northeast regional price is $3.08, a $0.07 decline from 
last week.  In the Southeast, butter averaged $2.99, an increase of $0.13 
compared to a week ago.  Tuesday's CME Group cash trading saw Grade AA 
butter close at $1.8700, down $0.0350 from a week ago. 
COLD STORAGE:  According to NASS, U.S. butter in storage on April 30, 
2015 totaled 230.4 million pounds, 23% above a year ago and 25% more than 
last month.    

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-
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