MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.  July 29, 2015 (Report 30)   


NORTHEAST BUTTER:   

Churning schedules have slowed in the Northeast as some manufacturers are 
taking advantage of the fairly high cream multiples and selling cream. 
This situation is offering those plants opportunities to complete overdue 
maintenance projects. Demand is good with retailers submitting their 
orders for Q4. Current package butter production is filling existing 
orders, while most of the bulk production is adding to supplies. The 
current bulk butter prices are 5 to 6 cents over the CME Group market, 
with various time frames and averages used. According to the DMN National 
Retail Report-Dairy, for July 24-30, the U.S. weighted average advertised 
price for 1-pound butter is $3.29, down 20 cents from a year ago, but up 
3 cents from the previous week. The Northeast average price is $2.96, 
down 45 cents from last week. In the Southeast, the butter price averaged 
$3.00, up 61 cents from a week ago. Tuesday's CME Group cash trading saw 
Grade AA butter close at $1.9025, up $0.0700 from a week ago. According 
to NASS, U.S. butter in storage on June 30, 2015 totaled 254.7 million 
pounds, 4% less than the previous month, but 28% more than a year ago.   

1100CT Rick.whipp@ams.usda.gov 608.557.7004
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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