MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   April 06, 2016 (Report 14)   


NORTHEAST BUTTER:   

Cream supplies are ample with good volumes going to churns, keeping 
butter production on par with last week's activity levels. Domestic 
demand for butter is better than expected, with fair to good market 
transactions occurring. Moreover, sources credit the unexpected high 
trend in butter prices to end users' purchases ahead of summer needs.  
Bulk butter prices range 5 to 7 cents over the CME Group price, with 
various time frames and averages used. The market undertone remains 
unsettled. According to the DMN National Retail Report-Dairy, during 
the week of April 1-7, 2016, the U.S. weighted average advertised 
price for 1-pound butter was $2.96, up 26 cents from the previous 
week and up 50 cents from a year ago. The weighted average butter 
price in the Northeast was $3.37, up 38 cents from a week ago. Butter 
retail ads declined over 50% on a national base when compared to last 
week. The CME Group March 2016 monthly average price for Grade AA 
butter was $1.9605, compared to $1.7166 a year ago. The Grade AA 
butter price, at the CME Group, closed Tuesday $2.0025, UP $0.0525 
from a week ago. 
DAIRY PRODUCTS:  According to NASS, U.S. unadjusted butter production 
for February 2016 totals 171.2 million pounds, up 9.6% from last 
year, but down 2.5% from a month ago. Butter output in the Atlantic 
region, unadjusted, totals 18.8 million pounds, up 0.2% from last 
year, but down 7.0% from a month 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