MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   November 04, 2015 (Report 44)   


NORTHEAST BUTTER:   

Butter churning in the region is active with orders being filled for the 
upcoming holidays. Most activity is centered on print butter as those 
orders develop along seasonal patterns. Manufacturers are effectively 
microfixing stored butter to supplement current production. Retail orders 
continue to show strength, as manufacturers look to wrap up Thanksgiving 
production with the holiday closing in. Manufacturers in the region are 
monitoring the lower global butter price as some see the huge variance, 
when compared to domestic butter prices, as causing some delays in their  
2016 butter commitments. Buyers are waiting to see how the market will 
unfold. Consequently, questions are emerging amongst butter producers as 
to the actual volume of foreign butter making its way into the domestic 
market. The market undertone remains unsettled. According to the DMN 
National Retail Report-Dairy, during the week of October 30-November 5, 
2015, the U.S. weighted average advertised price for 1 pound butter was 
$3.51, down 31 cents from a year ago, but up 16 cents from the previous 
week. The Northeast average butter price was $3.55, up 8 cents from last 
week. At the CME, Grade AA butter closed Tuesday at $2.8250, up $0.2950 
from a week ago. The CME Group monthly average price for Grade AA butter 
during October was 2.4757, compared to $2.3184 a year ago.
DAIRY PRODUCTS:  According to NASS, U.S. butter production for September 
2015 totals 134.0 million pounds, up 0.9% from last year and 4.3% from a 
month ago. Butter output in the Atlantic region totals 11.5 million 
pounds, down 9.2% from last year, but up 31.2% 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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