MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   March 1, 2017 (Report 09)   

Eastern butter production rates are holding steady in most instances. 
Bulk output is heavier than current demand can clear. Print butter 
stocks are ample. Overall, interest is about average for February, 
heading into the spring holiday buying period. The bulk price for 
domestic butter sales are 5 to 8 cents over the CME Group, based on  
various time frames and averages used. The market undertone is steady. 
According to the DMN National Retail Report-Dairy, for February 24 - 
March 2, 2017, the Northeast weighted average retail price for 1-pound 
butter was $3.16, 1 cent higher than the national average price, but 
15 cents below last week's national butter price. Markets in the 
Northeast reported prices ranging $2.50-$3.99. In the Southeast, the 
weighted average butter price is $3.33, 18 cents above the national 
price and 22 cents higher than the previous week regional price. 
Prices ranged $2.99-$3.40 in retail markets surveyed. In general, 
advertisements decreased significantly.  
COLD STORAGE: The NASS Cold Storage report noted U.S. butter stocks in 
all warehouses as of January 31, 2017 were 223.1 million pounds, up 
34% from the previous month and up 16% from last year.

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