MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.  August 19, 2015 (Report 33)   


NORTHEAST BUTTER:   

Churning activity is light to moderate as cream demand strengthens and 
supplies tighten. Producers predict standardized cream volumes will 
become more available as school bottling schedules transition into full 
swing. Output continues to be reduced as a few processors circumvent 
churning and trade available supplies. Operations that were down last 
week are active this week, adding to inventories. Stocks of bulk and 
packaged butter are adequate to cover current needs. Retail sales and 
food service butter orders are steady. A decline in orders is expected 
after the Labor Day holiday, prompted by slowing demand from restaurants 
and resorts in the region. The current bulk butter price is flat to 5 
over the CME Group market, with various time frames and averages used. 
The market undertone is unsettled. According to the DMN National Retail 
Report-Dairy, for August 8-20, the U.S. weighted average advertised price 
for 1 pound butter is $3.11, down 25 cents from a year ago, but up 15 
cents from the previous week. The Northeast average price is $3.19, 
unchanged from last week. The Southeast butter price averaged $2.97, up 3 
cents from a week ago. Tuesday's CME Group cash trading saw Grade AA 
butter close at $2.1600, up $0.1550 from a week 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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