MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   April 27, 2016 (Report 17)   

NORTHEAST BUTTER:   

Internal cream volumes for butter manufacturers are usually more than 
adequate and limit the purchase of surplus cream even though those 
loads usually have an incentive attached. Overall, butter production 
is heavy. Specialty butter is holding its good demand. Summer retail 
orders are strong; however, new production contributes to moderate 
stock growth. Sources note bulk butter prices ranging market to 4 
cents over the CME Group based on various time frames and averages. 
With latest year over year stock indications from the Cold Storage 
report pointing to much stronger inventories, market participants are 
even more perplexed about the markets' higher than expected seasonal 
butter prices. According to the DMN National Retail Report-Dairy, for 
April 22-28, 2016 the U.S. weighted average advertised price for 1-
pound butter is $3.31, up 45 cents from last year and up 32 cents 
from last week. The Northeast butter price is $3.34, down 16 cents 
from last week. The Grade AA butter price, at the CME Group, closed 
Tuesday at $2.0400, down 3 cents from a week ago. 
COLD STORAGE:  According to NASS, U.S. butter in storage on March 31, 
2016 totaled 243.6 million pounds, 32% above a year ago and 3% 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