MD_DA410
DA
MD DA410 BUTTER - Northeast  

MADISON, WI. July 5, 2017 (Report 27)

The demand for retail butter in the East is very good as sales have 
been heavy from the holiday festivities. Butter spot market trading 
activity is moderate to light this week as some companies are closed 
for the holiday. Cream multiples are stable as manufacturers in Class 
II and IV have high demand for cream. Butter production is blended as 
churns are operating on active to light schedules. With continuous 
output, stocks are manageable to building. Butter prices are strong in 
the global market. 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 generally stable. Monday's CME Group cash 
trading saw Grade AA butter prices closed at $2.6450, up $0.0225 from 
the previous week. The CME Group monthly average price for Grade AA 
butter during June 2017 was $2.5688 compared to $2.2640 a year ago. 
According to the DMN National Retail Report-Dairy, for June 30 to July 
6, 2017, the Northeast weighted average retail price for 1-pound 
butter was $3.84, 2 cents lower than the national average price, but 
47 cents higher than last week's Northeast butter price. Retail butter 
markets reported prices ranging $2.50-$4.79. The surveyed average 
price in the Southeast moved to $3.85, 14 cents lower than last week's 
Southeast butter price, with prices ranging $2.99-$4.00. 

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