MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   November 24, 2015 (Report 47)   


NORTHEAST BUTTER:   

With the majority of Thanksgiving butter needs shipped, processors are 
readying for anticipated surges in cream supplies. Cream offerings vary, 
and reflect a broad multiples range. Churning rates in the Northeast are 
likely to be higher moving into next week. Suppliers are comfortable with 
current stock levels. Interest from food service is active and springs 
from firm restaurants needs during this holiday week. According to the 
DMN National Retail Report-Dairy, during the week of November 20-26, 
2015, the U.S. weighted average advertised price for 1 pound butter was 
$2.82, down 81 cents from a year ago and down 3 cents from the previous 
week. The Northeast average butter price was $2.79, down 33 cents from 
last week. The current bulk butter price 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 $2.9000, up 
$0.0150 from last Tuesday. With heavy cream availability and lower 
multiples, some of the market was surprised by the increase in the CME 
butter price this holiday week. The market undertone is unsettled.

1200CT 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-
home