MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   May 4, 2016 (Report 18)   

NORTHEAST BUTTER:   

Butter processing is strong in the Northeast as heavy cream volumes 
continue clearing into churns. Many processors are focusing 
production on bulk butter. Manufacturers' stocks are generally steady 
to building. However, there are not enough supplies available in the 
spot market at the present. Print butter production is active in some 
plants. Demands from retailers and food service are strong ahead of 
the summer and fall seasons. Retail commitments toward Q3 and Q4 are 
active. Bulk butter prices reported are ranging from 5 to 8 cents 
over the CME Group based on various periods and averages. According 
to the DMN National Retail Report-Dairy, for April 29-May 5, 2016 the 
U.S. weighted average advertised price for 1-pound butter is $3.03, 
down 28 cents from last week and down 36 cents from last year. The 
Northeast butter price is $3.23, 11 cents below the previous week. 
The CME Group April 2016 monthly average price for Grade AA butter 
was $2.0563, compared to $1.7937 a year ago. The Grade AA butter 
price, at the CME Group, closed Tuesday at $2.0250, down 1.5 cents 
from a week ago. 


1100CT Angel.Teran@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