MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   April 20, 2016 (Report 16)   


NORTHEAST BUTTER:   

Cream for churning is readily available and keeping regional butter 
making at an overall high production level. The abundance of cream in 
the region limits channels for clearing surplus cream, as most cream- 
based processors already possess adequate supplies. Contacts suggest 
although producers' butter inventories vary, most are growing in 
general. Also noted, output may represent holdings allocated to Q3 
and Q4 customer needs. With butter prices hovering above the year ago 
price, the general belief of the market is butter prices will, at 
some point, retreat. Bulk butter prices range 5 to 7 cents over the 
CME Group price, relative to various time frames and averages. 
According to the DMN National Retail Report-Dairy, for April 15-21, 
2016 the U.S. weighted average advertised price for 1-pound butter is 
$2.99, down 27 cents from last year and down 6 cents from last week. 
The Northeast butter price is $3.50, a 58 cents increase from last 
week. The Grade AA butter price, at the CME Group, closed Tuesday at 
$2.0700, unchanged 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