MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   May 18, 2016 (Report 20)   


NORTHEAST BUTTER:   

Northeast butter production centers largely on heavy milk intakes 
moving into manufacturing. Although production schedules are full at 
some plants, manufacturers are content in building inventories at this 
time. This period affords the building of stocks prior to summer's 
high temperatures that reduce butterfat component levels. Orders from 
the food service sector have grown for upcoming holiday weekend needs. 
Differences between domestic and foreign butter prices continue to 
contribute to imported butterfat, although butterfat imports dropped 
sharply compared to last month. Demand for cream from Class II and 
Class III products is steady to higher due to warmer conditions and 
pre-holiday production of aerated cream and cream cheese. Prices for 
bulk butter range 5 cents to 8 cents over the market, based on the CME 
Group with various time frames and averages used. Tuesday's CME Group 
cash trading saw Grade AA butter close at $2.0375, down $0.0100 from a 
week ago. According to the DMN National Retail Report-Dairy, for May 
13-19, 2016, the national weighted average advertised price for 1-
pound butter was $2.75, down 14 cents from a year ago and 16 cents 
from last week. The Northeast butter price was $2.77, a 35 cents 
decline from the previous week. Southeast butter was priced at $2.82, 
an increase of 29 cents compared to 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