MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   October 26, 2016 (Report 43)   
 

NORTHEAST BUTTER:   

Some butter operations in the region are subject to an ease in 
production as Class II cream procurements peak for holiday 
processing needs, as those operations rely upon in-house and 
contracted cream loads. Butter plants continue to grind and 
micro fix existing bulk supplies to fill orders. Inventories are 
sufficient for near term customer needs. The market undertone 
remains unsettled. This week, reported bulk butter transactions 
included prices ranging 3 to 5 over the CME Group with various 
time frames and averages used. Active price fluctuations at the 
CME Group are limited in effect, on buyers' demand, as the CME 
volume of butter transactions surged. Tuesday's CME Group cash 
trading saw Grade AA butter close at $1.8300, up $0.0625 from 
the previous week. According to the DMN National Retail Report-
Dairy, for October 21-27, 2016, the national advertised weighted 
average price for 1-pound butter was $2.98, down 31 cents from 
last week and down 37 cents from a year ago. The Northeast 
regional price was $3.37, 4 cents less than the previous week's 
price. In the Southeast, the butter price averages $3.14, a 
decline of 36 cents from last week's average price. 
COLD STORAGE:  According to NASS, U.S. butter in storage on 
September 30, 2016 totaled 269.2 million pounds, 44% above a 
year ago, but 16% below last month. Public warehouse stocks 
totals 245.1 million pounds.      


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