MD_DA410 DA MD DA410 BUTTER - NORTHEAST MADISON, WI. November 22, 2016 (Report 47) NORTHEAST BUTTER: This week, churning schedules are expected to be much heavier for some butter operations due to the increase in available cream supplies. A few Class II operations are running reduced schedules, adding to the manufacturers? cream volume. Butter orders have slowed down for this holiday-shortened week, except for last minute Thanksgiving add-ons. Year-end butter orders, in most instances, are now completed and a matter of record. Stocks continue to rotate out as manufacturers microfix supplies and make room for adding fresh production to inventory. Bulk butter prices are ranging from 5 to 8 over the market, with various time frames and averages used. Monday?s CME Group cash trading saw Grade AA butter close at $2.0100, up $0.0200 from the previous week. According to the DMN National Retail Report- Dairy, for November 18-24, 2016, the national advertised weighted average price for 1-pound butter was $2.57, down 12 cents from last week and down 25 cents from a year ago. The Northeast regional price was $2.62, 32 cents less than last week. In the Southeast, the butter price averages $2.55, an increase of 7 cents over the previous 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