MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   August 10, 2016 (Report 32)   


NORTHEAST BUTTER:

Northeastern butter production is mixed, as cream supplies are less 
available for some plants capable of manufacturing butter. The market 
anticipates cream supplies will inch higher as Class II demand slows 
and Class I demand increases standardized cream offerings. Existing 
butter inventories for manufacturers are adequate for near-term needs. 
The Northeast cash price for bulk butter is 4 to 8 over the market, 
based on the CME Group, and depending on various time frames and 
averages used. The DMN National Retail Report-Dairy, for August 5-11, 
reported the national weighted average advertised price for 1-pound 
butter at $2.99, down $0.22 from last week, but up $.03 from a year 
ago. The Northeast regional price is $3.32, $0.11 below the previous 
week. In the Southeast, the butter price moved to $2.50, a decrease of 
$0.64 compared to a week ago. According to NASS Dairy Products, U.S. 
butter production for June 2016 totals 152.9 million pounds, up 6.4% 
from last year, but down 10.1% from a month ago. Butter output in the 
Atlantic region totals 13.8 million pounds, down 5.3% from last year 
and 21.1% from a month ago. Tuesday?s CME Group cash trading saw Grade 
AA butter close at $2.2575, up $0.0425 from a week ago. This week, a 
cooperative export assistance program accepted requests for export 
assistance to sell 3.417 million pounds (1550 metric tons) of butter.

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