MD_DA410   
DA 
MD DA410 BUTTER - NORTHEAST

MADISON, WI May 3, 2017 (REPORT 18)

Northeastern butter makers continue to clear cream to churns. Some 
plants are producing butter every day, but others have slowed down a 
bit on production as cream volumes begin to clear to Class II. Market 
participants are producing butter for contract, with additional 
volumes for spot loads. Salted butter production is steady, with 
limited production of unsalted. Cream multiples have tightened in the 
East, but supplies are available. The demand for butter is fair to 
good. This week, market participants have reported active spot trading 
and contracts fulfilled on time. Bulk butter sales range 5 to 7 cents 
over the CME Group, based off time frames and averages used. Butter 
inventories are adequate in most plants. The market undertone is 
steady to unsettled. Tuesday, the CME Group cash trading saw Grade AA 
butter prices close at $2.1150, down $0.0225 from last Tuesday's 
closing price. The CME Group monthly average price for Grade AA butter 
during April 2017 was $2.0992, compared to $2.0563 a year ago. 
According to the DMN National Retail Report-Dairy, for April 28 - May 
04, 2017, the Northeast weighted average retail price for 1-pound 
butter was $3.33, 11 cents higher than the national average price and 
14 cents higher than last week's Northeast average butter price. 
Retail markets in the region reported butter prices ranging $2.99-
$3.99. 

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