MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   April 12, 2017 (Report 15)   

Butter production remains active in the Northeast. The cream supply is 
readily available for churns. With the heavy cream loads, and active 
butter production, butter inventories are building. Class II is 
showing more demand for cream, taking some pressure off the cream 
supply. The demand for butter has been quiet this week. Global and 
domestic butterfat supply and demand will persist to be the driving 
factors for butter prices. Current bulk butter sales range 5 to 6 
cents over the CME Group, based on various times and averages used. 
The market tone is stable. Tuesday, the CME Group cash trading saw 
Grade AA butter prices close at $2.0900, down $0.0600 from last 
Tuesday's closing price. According to the DMN National Retail Report-
Dairy, for April 7-13, 2017, the Northeast weighted average retail 
price for 1-pound butter was $2.80, 13 cents lower than the national 
average price, and 43 cents lower than last week's Northeast average 
butter price. Retail markets in the region reported butter prices 
ranging $2.49-$3.49. DAIRY PRODUCTS:  According to NASS, U.S. butter 
production for February 2017, totals 164.3 million pounds, down 5.8% 
from last year and down 7.6% from January 2017. Cumulative 2017 butter 
production through February 2017 totals 342.1 million pounds, 2.3% 
below the same period for 2016. February 2017 butter production in the 
Atlantic region totaled 20.4 million pounds, up 9.4% from last year, 
but 7.3% below January 2017 production. 


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