MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   March 2, 2016 (Report 09)   


NORTHEAST BUTTER:   

Cream volumes are more than generous to cover Class II and Class III 
needs. Consequently, Northeast butter production remains quite strong 
in most areas of the region. With output surpassing demand, supplies 
are slightly heavier than desired for some manufacturers. Some buyers 
are comfortable with delaying ongoing negotiations, due to the level 
of unanticipated butterfat that's been made available. Although print 
demand is fairly lackluster, processors are anticipating a holiday 
spurt. Retail feature activity during the holiday buying period will 
likely help clear significant print volumes. The bulk butter market 
is steady to lower. Prices are reported 5 to 8 cents 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 26 
to March 3, 2016, the U.S. weighted average advertised price for 1 
pound butter was $2.96, up 19 cents from a year ago, but down 48 
cents from the previous week. The weighted average butter price in 
the Northeast was $3.45, down 9 cents from a week ago. The Grade AA 
butter price, at the CME Group, closed Tuesday $1.9575, down $0.1275 
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-home