MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI. June 14, 2017 (Report 24)

Churning schedules in the region are mixed, as production is reliant 
on manufacturers' near-term requirements and market approaches. Some 
sources implied in-house cream supplies are adequate while intake milk 
volumes have not slowed. However, as cream availability declines, due 
to the lower level of Class I processing as seasonal interest decline, 
some plants are securing additional loads in the spot market, if 
possible, as butter demand and sales strengthen. Print retail and food 
service channels are active. An indication of the current market 
undertone is stronger cream multiples. Hence, some market participants 
believe current prices will remain steady to marginally higher through 
the fall. Reported bulk butter prices, for domestic sales, are 5-7 
cents over the market of the CME Group, with various time frames and 
averages used. Tuesday's CME Group cash trading saw Grade AA butter 
prices closed at $2.5800, up $0.0550 from the previous week. Prices 
are firmer through the first part of the week, adding $0.1050 since 
Friday. According to the DMN National Retail Report-Dairy, for June 9-
15, 2017, the Northeast weighted average retail price for 1-pound 
butter was $3.51, 5 cents higher than the national average price and 
22 cents higher than last week's Northeast butter price. Retail butter 
markets reported prices ranging $2.49-$3.99. Survey prices in the 
Southeast moved to $3.45, up 28 cents, with a price range of $3.00 
$3.99. 

1100CT Daniel.Johnson@ams.usda.gov 608.422.8605
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