MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   June 3, 2015 (Report 22)   


NORTHEAST BUTTER:   

Butter churns remain active although excess cream is not as available.   
Some balancing plants are clearing the majority of their cream supplies 
to Class II operations rather than churn.  Butter demand is sluggish to 
fair.  Market participants expect food service orders to improve going 
into the summer vacation season.  Manufacturers are planning ahead to 
fall as the projected period for robust butter sales.  Recent cash market 
pricing swings are infusing caution amongst buyers/sellers who seek to 
actively trade.  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 29-June 4, the weighted average advertised price for 1-
pound butter is $3.18, up 4 cents from a year ago.  The Northeast 
regional price is $3.05, a 3 cents decline from last week.  In the 
Southeast, butter averaged $3.34, an increase of 35 cents compared to a 
week ago.  The CME Group monthly average for Grade AA butter during May 
was $1.9309, compared to $2.1713 a year ago.  Tuesday's CME Group cash 
trading saw Grade AA butter close at $1.9525, up $0.0825 from a week ago. 
This week, a cooperative export assistance program accepted requests for 
110,231 pounds of butter.  Year-to-date support totals 26.592 million 
pounds. 


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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