MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   October 21, 2015 (Report 42)   


NORTHEAST BUTTER:   

Butter production remains steady. Some manufacturers anticipate reducing 
production schedules as those plants move closer to completing projected 
year-end holiday supplies. Subsequent to the recently imposed EU import 
tariff, some buyers looking to source import butter are having difficulty 
finding loads. The tariff is in effect through December 2015. Packaged 
butter sales are active at the retail level. The market undertone remains 
unsettled. Current bulk butter prices for domestic sales are reported 3-7 
cents over the market of the CME Group, with various time frames and 
averages used. According to the DMN National Retail Report-Dairy, for 
October 16-22, the U.S. weighted average advertised price for 1 pound 
butter is $3.25, down 95 cents from a year ago, but up 16 cents from the 
previous week. The Northeast average butter price is $3.16, down 60 cents 
from last week. The Southeast price averaged $3.28 up 57 cents from a 
week ago. At the CME, Grade AA butter closed Tuesday at $2.44, up $0.0900 
from a week ago.


Dairy Market News Reporting Changes Proposal

Dairy Market News (DMN) is proposing updating the Dairy Market News 
Working Guidelines. This proposal is the result of an industry comment 
period. The updates would allow DMN market reports to additionally 
include information and sales prices reported by individuals and firms 
functioning as marketing agents selling on the behalf of dairy product 
manufacturers. The Working Guidelines updates are intended to capture 
more information on pricing and market conditions and reflect the 
evolution of the marketing of dairy products. Currently, market pricing 
information is collected for first sale, f.o.b. producers' plants or
warehouses. The changes would be effective starting with Report 1, 
January 2016.

Comment by October 30, 2015 to: DMN@ams.usda.gov
Link to current DMN working guidelines: http://www.ams.usda.gov/market-
news/individual-dairy-market-news-commodity-reports


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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