MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   September 21, 2016 (Report 38)   


NORTHEAST BUTTER:

Butter production dipped slightly this week as a maintenance 
issue slowed output at a large butter facility. Additionally, 
the level of seasonal milk supply into balancing restricts 
churning at some plants. Orders are steady as upcoming yearend 
needs continue to develop. As butter prices decline, feature 
activity supports an increase in retail butter orders. Stocks 
remain adequate for closed orders. Bulk butter prices range 5-8 
over the market of the CME Group, with various time frames and 
averages used. According to the DMN National Retail Report-
Dairy, for September 16-22, 2016, the national weighted average 
ad price for 1-pound butter is $3.64, up 35 cents from last week 
and 24 cents higher than a year ago. The Northeast regional 
price is $3.53, 53 cents above the previous week's advertised 
price. In the Southeast, the butter price averages $3.61, moving 
60 cents above last week's average. Tuesday's CME Group cash 
trading saw Grade AA butter close at $1.9550, down $0.0775 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