MD_DA410
DA
MD DA410 BUTTER - Northeast  

MADISON, WI. June 21, 2017 (Report 25)

Eastern butter demand is strong as print retail and food service 
channels' sales activities are active. With butter in high demand, 
some manufacturers are purchasing as much cream as possible. With 
cream's decreasing spot market availability, multiples are 
strengthening. Butter production is mixed. Some churns are running at 
full swing to build up inventory for future needs. However, a number 
of churns are shut off for maintenance and cream supplies are being 
sold. Butter stocks are manageable to long. Domestic bulk butter 
prices are 5-7 cents over the market of the CME Group, with various 
time periods and averages used. The market undertone is stable. 
Tuesday's CME Group cash trading saw Grade AA butter prices closed at 
$2.6300, up $0.0500 from the previous week. According to the DMN 
National Retail Report-Dairy, for June 16-22, 2017, the Northeast 
weighted average retail price for 1-pound butter was $3.51, 12 cents 
higher than the national average price and unchanged in price from 
last week's Northeast butter price. Retail butter markets reported 
prices ranging $2.50-$3.99. The surveyed average price in the 
Southeast moved to $3.47, up 2 cents, with a price range of $3.00-
$3.50. 

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