MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   August 3, 2016 (Report 31)   

NORTHEAST BUTTER:
   
Butter plants are focusing production efforts on filling current 
orders. Industry contacts note milk intakes are marginally lower. 
Manufacturers are looking to sell cream for the production of Class II 
products rather than produce butter. In some parts of the East, the 
market might expect falloff in availability due to the effect of heat 
waves covering the Eastern region. Domestic demand for butter is fair, 
with steady orders from private labels. Inventory volumes are 
sufficient to meet current demands. The Northeast cash price for bulk 
butter is market to 8 over, based on the CME Group, depending on 
various factors like time frames and averages used. The butter market 
has a mixed undertone, as prices fluctuate. According to the DMN 
National Retail Report-Dairy, for July 29-August 4, this week's 
national weighted average advertised price for 1-pound butter is 
$3.21, up 14 cents from last week, but down 15 cents from the previous 
year. The Northeast regional price is $3.43, up 10 cents from the 
previous week, and the Southeast regional price is $3.14. The July CME 
Group monthly average for Grade AA butter is $2.2731, up from last 
year's monthly average of $1.9056. Tuesday's CME Group cash trading 
saw Grade AA butter close at $2.2150, down $0.0325 from a week ago. 


1100CT daniel.johnson@ams.usda.gov 608.557.7006; 
daniel.kim@ams.usda.gov
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