MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   April 26, 2017 (Report 17)   

In the Northeast region, butter churning is active. Cream is available 
throughout the region and continues to clear to Class II commodities, 
taking some pressure off churns. The butter demand is fair this week. 
Bulk butter sales are 5 to 6 cents over the CME Group, based off time 
periods and averages used. Butter stocks are building. The market tone 
is steady. Tuesday, the CME Group cash trading saw Grade AA butter 
prices close at $2.1375, up $0.0750 from last Tuesday's closing price. 
According to the DMN National Retail Report-Dairy, for April 21-27, 
2017, the Northeast weighted average retail price for 1-pound butter 
was $3.19, 28 cents higher than the national average price and 40 
cents higher than last week's Northeast average butter price. Retail 
markets in the region reported butter prices ranging $1.00-$3.99. 
COLD STORAGE:  According to NASS, U.S. butter in storage on March 31, 
2017 totaled 272.5 million pounds, 12% above a year ago and 1% more 
than last month. Public warehouse stocks totaled 248.8 million pounds.      


1130CT 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