MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   August 31, 2016 (Report 35)   


NORTHEAST BUTTER:

Butter churns have slowed significantly for some processors in 
the East. Some of the available cream is clearing to meet dairy 
needs other than butter in some channels. The demand for butter 
is good, as butter manufacturers' note brisk to heavy inquiries. 
Stocks are adequate in some cases, but there are accounts of 
suppliers holding limited to no available inventory for spot 
market needs. Product is moving into international markets. The 
market undertone is mostly steady as the Labor Day holiday 
weekend approaches. The current bulk butter prices for domestic 
sales are reported 3-5 cents over the market of the CME Group, 
with various time frames and averages used. According to the DMN 
National Retail Report-Dairy, for August 26-September 1, 2016 
the national weighted average advertised price for 1-pound 
butter is $3.00, declining $0.41 from last week and down $0.16 
from a year ago. The Northeast regional price is $3.18, $0.18 
higher than the advertised national average. In the Southeast, 
butter prices average $3.30, up $0.30 over last week's average. 
Tuesday's CME Group cash trading saw Grade AA butter close at 
$2.1100 up $0.0025 from 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