MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   October 19, 2016 (Report 42)   
 

NORTHEAST BUTTER:   

Cream supplies are available, but not as readily, as demand 
gains steam. Hence, butter production is active, as a few key 
producers frequently support 6-day churning schedules, with spot 
cream purchases. Domestic interest is good, as the CME butter 
price trends lower. Conversely, the existing low prices create a 
degree of wariness for manufacturers who sell butter on margins 
over CME. Reported domestic bulk butter transactions, this week, 
included prices ranging market to 2 over the CME Group with 
various time frames and averages used. Export demand, prompted 
by competitive prices, is good. This week, a cooperative export 
assistance program accepted 23 requests for export assistance to 
sell 859,803 pounds (390 metric tons) of butter. The market 
undertone is steady. Tuesday's CME Group cash trading saw Grade 
AA butter close at $1.7675, down $0.0450 from the previous week. 
According to the DMN National Retail Report-Dairy, for October 
14-20, 2016, the national advertised weighted average price for 
1-pound butter was $3.29, up 6 cents from last week and up 4 
cents from a year ago. The Northeast regional price was $3.41, 9 
cents above the previous week's average price. In the Southeast, 
the butter price averages $3.50, a 60 cent increase from 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