MD_DA410 DA MD DA410 BUTTER - NORTHEAST MADISON, WI. April 05, 2017 (Report 14) Northeast butter makers are busy churning to reduce the heavy amounts of cream. Manufacturers are working up to 7 days a week. With active butter production, butter stocks continue to clear to storage. The demand for both print and bulk butter has been moderate. Print shipments have been strong for some Northeastern facilities. In addition, there was an uptick in food service interest this week. Eastern bulk butter trading is steady to light with sales ranging 5 to 6 cents over the CME Group, based on various time frames and averages used. There was a small quantity of butter sold to a food service channel at premium prices this week. The market tone is mixed based off the CME group cash trading. Tuesday, the CME Group cash trading saw Grade AA butter prices close at $2.1500, up $0.0500 from last Tuesday's closing price. The CME Group monthly average price for Grade AA butter during March 2017 was $2.1392, compared to $1.9605 a year ago. According to the DMN National Retail Report-Dairy, for March 31 to April 6, 2017, the Northeast weighted average retail price for 1- pound butter was $3.23, 16 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 $2.99-$4.49. 2017 U.S. Butter and Milkfat Exports (USDA-FAS) 2017 Exports % Change From (Million Lb.) 1 Year Ago February 4.1 - 54 TOTAL, JAN - FEB 8.2 - 44 1 Canada 3.9 +224 2 Mexico 1.4 - 88 3 Saudi Arabia 0.8 - 21 4 South Korea 0.4 + 70 5 UAE 0.4 +198 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