MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   September 9, 2015 (Report 36)   
 
NORTHEAST BUTTER:   

Milk volumes are adequate for regional butter production. Post-holiday 
cream availability exceeded what some buyers/sellers anticipated. 
Supplies grew from reduced demand and increased standardizing activity at 
Class I plants during the holiday period. As cream continues to elude 
butter churns, some market participants are concerned as to the level of 
impact on Q4. Some buyers/sellers report salted butter is tight; however 
supplies can be sourced at a premium price. Some buyers are comfortable 
backing off due to current prices, while waiting to see how the market 
unfolds. These higher prices are largely seen as unexpected, an anomaly 
buyers hope will soon stabilize. Regional butter inventories are 
generally in balance with demand. According to the DMN National Retail 
Report-Dairy, for September 4-10, the U.S. weighted average advertised 
price for 1 pound butter is $2.95, down 64 cents from a year ago and down 
21 cents from the previous week. The Northeast average butter price is 
$3.13, down 31 cents from last week. The Southeast price averaged $2.93, 
up 1 cent from a week ago. The Foreign Agricultural Service (FAS) reports 
July 2015 U.S. exports of butter and milkfat totaled 5.0 million pounds, 
a 58% decline from a year ago.
DAIRY PRODUCTS:  According to NASS, U.S. butter production for July 2015 
totals 133.3 million pounds, down 3.2% from last year, and 6.2% from a 
month ago. Butter output in the Atlantic region totals 11.8 million 
pounds, down 4.3% from last year and down 19.5% from a month ago.
2015 U.S. Butter and Milkfat Exports (USDA-FAS)

                 2015 Exports      % Change From 
                 (Million Lb.)       1 Year Ago

July Total            5.0            - 58

TOTAL, JAN - JULY    35.1            - 72

1 Saudi Arabia       12.9            - 58
2 Mexico              7.3            + 27 
 3 Canada             4.0            - 13
4 South Korea         2.6            - 8
5 Iran                1.2            - 88

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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