MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   December 28, 2016 (Report 52)   
 

NORTHEAST BUTTER: 
 
Butter producers report increased offerings of cream over the holiday 
weekend, creating an impetus for increased churning at butter making 
facilities. Minimal orders are placed as most buyers assess inventory 
levels this post-holiday week. Cheese moving into regional retail 
outlets is slow to fair, while food service orders are somewhat steady 
at this point. Some producers and handlers anticipate prices will 
remain steady to lower going into Q1. Meanwhile, there is market 
uncertainty as to how much prices will adjust. The domestic bulk 
butter price, f.o.b. East, is reported 5 to 8 cents over the market of 
the CME Group, with various time frames and averages used. 
Unexpectedly, Tuesday's CME Group cash trading saw Grade AA butter 
close at $2.3400, up $0.1200 from the previous week. The DMN National 
Retail Report-Dairy, for December 23-29, 2016, noted the national 
advertised weighted average price for 1-pound butter was $2.60, down 
17 cents from last week and down 43 cents from a year ago. The 
Northeast regional butter price was $2.60, down 57 cents from last 
week, with a price range of $1.99-$3.99. The Southeast price dropped 
30 cents while averaging $2.56, with a price range of $1.99-$3.00 
COLD STORAGE:  According to NASS, U.S. butter in storage on November 
30, 2016 totaled 160.9 million pounds, 21% above a year ago, but 29% 
less than last month. Public warehouse stocks totaled 139.3 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