MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   November 10, 2015 (Report 45)   


NORTHEAST BUTTER:   

In the region Thanksgiving holiday butter orders are in the final phases 
of production and delivery. Butter churns are active, but butter makers 
are taking care to minimize inventory growth. Reports indicate steady 
demand for immediate delivery, as a few buyers place last minute orders. 
Market participants are still in limbo concerning current butter prices. 
Retail butter markets hope to spark buyer interest, with notable growth 
in promotional ads for this pre-holiday week. According to the DMN 
National Retail Report-Dairy, during the week of November 6-12, 2015, the 
U.S. weighted average advertised price for 1 pound butter was $3.08, down 
74 cents from a year ago and down 43 cents from the previous week. The 
Northeast average butter price was $2.84, down 71 cents from last week. 
The current bulk butter prices for domestic sales are reported flat to 5 
over the market of the CME Group, with various time frames and averages 
used. At the CME, Grade AA butter closed Tuesday at $2.8850, up $0.0600 
from a week ago. The Foreign Agricultural Service (FAS) reports September 
2015 U.S. exports of butter and milkfat totaled 1.6 million pounds, a 70% 
decline from a year ago.


2015 U.S. Butter and Milkfat Exports (USDA-FAS)


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

September Total       1.6             - 70

TOTAL, JAN - SEP     42.0             - 70

 1 Saudi Arabia      16.6             - 48
 2 Mexico             7.8             + 13
 3 Canada             5.0             - 3
 4 South Korea        2.8             - 10
 5 Iran               1.2             - 92


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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