MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   September 14, 2016 (Report 37)   


NORTHEAST BUTTER:

Churning output levels in the region are rather steady this 
week. Some butter manufacturers continue to draw down bulk 
butter inventories and microfix to cover their existing needs. 
Currently, active demand results from retail markets, as food 
service orders and restaurant interest ease with the end of the 
summer vacation season. Q4 needs are at the forefront of some 
production runs, as manufacturers look to increase stocks for 
year-end customer orders. Bulk butter prices range 4-8 over the 
market of the CME Group, with various time frames and averages 
used. According to the DMN National Retail Report-Dairy, for 
September 9-15, 2016, the national weighted average ad price for 
1-pound butter is $3.29, down 55 cents from last week, but up 32 
cents from a year ago. The Northeast regional price is $3.00, 29 
cents below than the advertised national average. In the 
Southeast, butter prices average $3.01, 94 cents below last 
week's average. Tuesday's CME Group cash trading saw Grade AA 
butter close at $2.0325, down $0.0050 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