MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   March 23, 2015 (Report 12)   


NORTHEAST BUTTER:   

Northeast butter production is seasonally active and encouraged by 
heavy cream supplies. Some major manufacturers have limited their 
cream purchases due to sufficient in-house supplies. Butter interest 
varies, with active buying occurring sporadically as some buyers are 
looking to lock in existing butter prices to cover future butter 
demand. Currently, domestic butter orders are mixed with sales 
showing show some pre-holiday weakness. Isolated retail feature 
activity is supporting the clearing of fair to good volumes of butter 
in some areas. Bulk butter prices range 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 18 to 
24, 2016, the U.S. weighted average advertised price for 1-pound 
butter was $3.07, down 36 cents from the previous week. The weighted 
average butter price in the Northeast was $3.23, down 86 cents from a 
week ago. The Grade AA butter price, at the CME Group, closed Tuesday 
$1.9575, up $0.0325 from a week ago. 
COLD STORAGE:  According to NASS, U.S. butter in storage on February 
29, 2016 totaled 235.5 million pounds, 32% above a year ago and 23% 
more than last month.

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