MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   September 28, 2016 (Report 39)   
 
NORTHEAST BUTTER:   

Butter output is steady in the region. Some butter manufacturers 
see the need to diversify production schedules in order to meet 
customers' salted, unsalted and kosher butter needs. Sales to 
retail and bakeries remain active, as interest remain steady. 
New production of bulk butter, for some operations, supports 
immediate sales activity. Butter stocks appear to be steady, 
with most manufacturers comfortable with existing inventories. 
Bulk butter prices range 5-8 over the market of the CME Group, 
with various time frames and averages used. End-users seem to be 
cautious, in considering the most favorable situation, for 
securing year-end holiday needs. The market has a soft to mixed 
undertone. According to the DMN National Retail Report-Dairy, 
for September 23-29, 2016, the national weighted average ad 
price for 1-pound butter is $3.19, down 45 cents from last week 
and 5 cents lower 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, adjusting 60 
cents above last week's average. Tuesday's CME Group cash 
trading saw Grade AA butter close at $1.9350, down $0.0200 from 
a week ago. 
COLD STORAGE:  According to NASS, U.S. butter storage in all 
warehouses on May 31, 2016 totaled 322.2 million pounds, 52% 
above a year ago, but 3% lower than last month. Public warehouse 
stocks totaled 296.1 million pounds.    

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 1.9775-2.2625     
Process 5# Sliced                            : 1.7025-2.1825     
Muenster                                     : 1.9625-2.3125     
Grade A Swiss Cuts 10 - 14#                  : 2.9175-3.2400     

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