MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   March 29, 2017 (Report 13)   

Northeastern butter manufacturers are churning away to reduce the
heavy cream supplies. Butter output continues to be in excess of 
producers' near term accounts. Inventories are building. Demand for 
print butter varies. Food service interest continues to be moderate to 
light as spring break is still in effect. The market anticipates an 
increase from the restaurant sector as the spring celebrations arise. 
Bulk butter trading is fair with sales ranging 5 to 7 cents over the 
CME Group, based on various time periods and averages used. The market 
undertone remains steady. This week, a cooperative export assistance 
program accepted requests for export assistance to sell 52,360 pounds 
(23.75 metric tons) of butter. Tuesday, the CME Group cash trading saw 
Grade AA butter prices close at $2.1000, down $0.0200 from a week ago 
closing price. According to the DMN National Retail Report-Dairy, for 
March 24-30, 2017, the Northeast weighted average retail price for 1-
pound butter was $3.39, 40 cents higher than the national average 
price, but 16 cents lower than last week's Northeast average butter 
price. Retail markets in the region reported butter prices ranging 
$2.49-$4.49. COLD STORAGE:  The NASS Cold Storage report noted U.S. 
butter stocks as of February 28, 2017 were 282.6 million pounds, up 
20% from last year, and up 28% from last month. Bulk stocks in all 
warehouses were 235.6 million pounds last year at this time.
 

1100CT Jessica.Mueller@ams.usda.gov 608.422.8589
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