MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   February 17, 2016 (Report 07)   


NORTHEAST BUTTER:   

Heavy cream supplies are encouraging active churning at butter plants.  
The cream market is seeing some delays in the procurement of contractual 
loads by customers who note the declining butter market and expect to 
take advantage of potentially lower multiples. Overall, butter sales are 
somewhat slow in the domestic market. However, orders are expected to 
improve leading up to the Spring Holiday. Private label butter orders are 
good at some plants. Export demand is reasonably active, with some 
additional forward sales receiving price assistance. This week, a 
cooperative export assistance program accepted requests for 2.315 million 
pounds of butter. Northeast bulk butter is reported market to 5 over the 
CME Group price, with various time frames and averages used. According to 
the DMN National Retail Report-Dairy, during the week of February 12-18, 
2016, the U.S. weighted average advertised price for 1 pound butter was 
$3.29, down 33 cents from a year ago and down 3 cents from the previous 
week. The weighted average butter price in the Northeast was $3.75, up 23 
cents from a week ago. The Grade AA butter price, at the CME Group, 
closed Tuesday $2.0500, down $0.0850 from a week 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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