MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   July 01, 2015 (Report 26)   


NORTHEAST BUTTER:   

Butter production has been lighter in recent weeks and remains that way 
as Class II demand consumes pre-holiday cream supplies at an increased 
rate.  Contacts note that overall butter demand is seasonally good.  
Retail feature activity is up over the last two weeks, and encouraging 
consumer buying interest.  The market undertone is unsettled.  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 26-July 02, 
the U.S. weighted average advertised price for 1-pound butter is $3.42, 
down 9 cents from a year ago, but up 31 cents from the previous week.  
The Northeast regional price is $3.56, a 43 cent increase from last week.  
In the Southeast, the butter price averaged $3.62, up 62 cents from a 
week ago.  Butter trading at the CME Group saw the closing price advance 
on Monday but retreat on Tuesday, $1.9250 and $1.9175 respectively.  
Tuesday's closing price is up $0.0200 from a week ago.

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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