MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.  May 25, 2014 (Report 21)  


NORTHEAST BUTTER:   

Heavy cream supplies continue to advance active butter churning at 
area operations. While the market notes good post-holiday sales, 
butter supplies in the bulk variety steadily builds. In some cases, 
manufacturers are quite content holding/storing bulk stocks, in lieu 
of selling, although purchase inquiries are frequent. Export demand is 
sluggish due to current U.S. butter prices exceeding global markets. 
The domestic market undertone is unsettled. 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 $2.0800, up $0.0425 from a week 
ago. According to the DMN National Retail Report-Dairy, for May 20-26 
2016, the national weighted average advertised price for 1-pound 
butter was $3.29, up 52 cents from a year ago and up 54 cents from 
last week. The Northeast butter price was $3.63, an 86 cents increase 
compared to the previous week. The Southeast butter price was $2.99, 
an increase of 17 cents compared last week. This week, a cooperative 
export assistance program accepted requests for 771,618  pounds of 
butter.
COLD STORAGE:  According to NASS, U.S. butter in storage on April 30, 
2016 totaled 298.2 million pounds, 28% above a year ago and 23% 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