MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   October 5, 2016 (Report 40)   
 
NORTHEAST BUTTER:   

In the aftermath of the recent cold storage butter report, with 
ample cream currently available, some processors? churns remain 
seasonally active. Some locations noted sale volumes rose well 
above initial projections, as buyers/sellers wrap up Q4 butter 
deals. Spot market buyers, in general, are making hand-to-mouth 
purchases with uncertainty, as some note a disconcerting market 
that provides little room for expectations while butter prices 
plummet. Contracted bulk butter sales into food service channels 
are fair, otherwise, loads can be hard to find. Bulk butter 
prices ranged 5-13 over the market of the CME Group, with 
various time frames and averages used. Market activity in the 
retail butter sector appears steady, with the occurrence of 
moderate to good print sales. Overall, the market undertone is 
weak. The CME Group monthly average price for Grade AA butter 
during September 2016 was $1.9950, compared to $2.6690 a year 
ago. Tuesday?s CME Group cash trading saw Grade AA butter close 
at $1.8625, down $0.0725 from a week ago. According to the DMN 
National Retail Report-Dairy, for September 30-October 6, 2016, 
the national weighted average ad price for 1-pound butter is 
$3.38, up 19 cents from last week and 6 cents from a year ago. 
The Northeast regional price is $3.72, 40 cents above the 
previous week?s advertised price. In the Southeast, the butter 
price averages $2.96, a 4 cents adjustment below last week?s 
average price. 


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