MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   June 10, 2015 (Report 23)   


NORTHEAST BUTTER:   

The butter market has changed little from recent weeks, as active 
churning continues.  With improving cream demand from ice cream, loads 
sourced to butter are being reduced.  Reports indicate that butter 
inquiries are active.  Some orders are being delayed as buyers expect a 
decline in prices.  Buyers/sellers are contemplating the impact of 
current international markets on the availability of future supplies.
Current bulk butter prices for domestic sales are reported 5-7 cents over 
the market of the CME Group, with various time frames and averages used.  
According to the DMN National Retail Report-Dairy, for June 5-11, the 
U.S. weighted average advertised price for 1-pound butter is $3.05, down 
13 cents from a year ago.  The Northeast regional price is $2.95, a 10 
cents decrease from last week.  In the Southeast, butter averaged $3.16, 
an 18 cent drop from last week.  Tuesday's CME Group cash trading saw 
Grade AA butter close at $1.8600, down $0.0925 from a week ago.  The 
Foreign Agricultural Service (FAS) reports April 2015 U.S. exports of 
butter and milkfat totaled 5.4 million pounds, a 72% drop from last year. 

      
2015 U.S. Butter and Milkfat Exports (USDA-FAS)
                 
                    (Million Lb.)     % Change From
                                      1 Year Ago
                              
April                   5.4             -   72

Total Jan. - Apr.      22.5             -   75
   1 Saudi Arabia       8.1             -   62
   2 Mexico             5.6             +   57
   3 Canada             1.8             -    6
   4 South Korea        1.6             +    4
   5 Iran               1.2             -   83


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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