MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.  August 05, 2015 (Report 31)   


NORTHEAST BUTTER:   

Northeast butter production is mixed. Butter manufacturers anticipate 
moderate growth in cream supplies as Class II demand slows and Class I 
demand generates standardized cream offerings. Butter stocks are mostly 
adequate. Seasonal orders are showing signs of increasing as buyers' 
inquiries grow. Current bulk butter prices are 5 to 7 cents over the CME 
Group market, with various time frames and averages used. According to 
the DMN National Retail Report-Dairy, for July 31-August 6, the U.S. 
weighted average advertised price for 1 pound butter is $3.36, down 13 
cents from a year ago, but up 7 cents from the previous week. The 
Northeast average price is $3.72, up 76 cents from last week. In the 
Southeast, the butter price averaged $2.97, down 3 cents from a week ago. 
The CME Group monthly average price for Grade AA butter during July was 
$1.9056, compared to $2.4624 a year ago. Tuesday's CME Group cash trading 
saw Grade AA butter close at $1.9900, up $0.0875 from a week ago. 
DAIRY PRODUCTS: According to NASS, U.S. butter production for June 2015 
totals 142.8 million pounds, up 1.7% from a year ago, but down 15.9% from 
a month ago. Butter output in the Atlantic region totals 14.6 million 
pounds, up 11.6% from a year ago but down 9.8% from a month ago.

1100CT Daniel.Johnson@ams.usda.gov 608.557.7006
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy
Dairy Market News database portal: http://www.marketnews.usda.gov/mnp/da-
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