MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   March 16, 2016 (Report 11)   


NORTHEAST BUTTER:   

Cream volumes remain more than ample for churning. The market can 
reasonably expect regional churning to maintain a high rate, since 
most butter makers will likely churn rather than sell cream at the 
current multiples. As the holidays fast approach, some are storing 
substantial supplies of bulk butter. Demand varies, but retailers in 
general are placing orders in anticipation of holiday needs. This 
week, Northeast retail stores posted a noteworthy decline in butter 
ads compared to last week. The butter market undertone remains weak, 
recording declines over the past 6 weeks, leading into this week. 
Bulk butter prices are reported 6 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 March 11-17, 
2016, the U.S. weighted average advertised price for 1-pound butter 
was $3.43, up 17 cents from a year ago and up 53 cents from the 
previous week. The weighted average butter price in the Northeast was 
$4.09, up 72 cents from a week ago. The Grade AA butter price, at the 
CME Group, closed Tuesday $1.9250, down $0.0450 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