MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI. May 24, 2017 (Report 21)

Butter production is strong to decreased in balancing operations in 
the East. Some manufacturers are clearing heavy cream supplies to 
advance butter churns. Yet, some manufacturers have stopped churning 
to sell their cream supply. Cream buyers report mixed multiples, as 
there have been signs of strength. Although, with the upcoming holiday 
weekend, some manufacturing plants are shutting down production and 
extra cream is expected to be in the market. Inventories are 
manageable to building. In all, supplies are sufficient for contracts 
needs and additional demand. Butter prices are steady, as some market 
participants see a rise in the demand for butter. Retail orders are 
strong to moderate this week for the upcoming holiday weekend. The 
market tone is steady. Tuesday, the CME Group cash trading saw Grade 
AA butter prices close at $2.3625, down $0.0675 from last Tuesday's 
closing price. This week, a cooperative export assistance program 
accepted requests for export assistance to sell 220,462 pounds (100 
metric tons) of butter. According to the DMN National Retail Report-
Dairy, for May 19-25, 2017, the Northeast weighted average retail 
price for 1-pound butter was $3.35, 14 cents higher than the national 
average price, but 58 cents lower than last week's Northeast average 
butter price. Retail markets in the region reported butter prices 
ranging $2.50-$4.49. COLD STORAGE:  According to NASS, U.S. butter in 
storage on April 30, 2017 totaled 292.3 million pounds, 1% below a 
year ago, but 7% more than last month. Public warehouse stocks totaled 
270.4 million pounds.      

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