MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   October 14, 2015 (Report 41)   


NORTHEAST BUTTER:   

Cream in the region is in decent balance. Cream cheese manufacturers are 
the primary buyers of spot loads of cream and demand for ice cream has 
declined. This leaves butter churning steady, using primarily contracted 
cream volumes. Print butter orders from retail are strong but inventories 
and production are keeping pace. Manufacturers expect retail orders to 
soon peak for the year, then demand and price pressure will lessen. This 
leaves many butter manufacturers content to churn with contracted cream 
with no real motivation to seek out spot cream in the Northeast. 
According to the DMN National Retail Report-Dairy, for October 9-15, the 
U.S. weighted average advertised price for 1 pound butter is $3.09, down 
59 cents from a year ago, and down 23 cents from the previous week. The 
Northeast average butter price is $3.76, up 25 cents from last week. The 
Southeast price averaged $2.71 up 38 cents from a week ago. 
Current bulk butter prices for domestic sales are reported 4-6 cents over 
the market of the CME Group, with various time frames and averages used. 
The market undertone is unsettled. Tuesday's CME Group close for AA 
butter price was $2.3500, identical with a week ago after moving up 
$.0675 then declining.


1100CT eric.graf@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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