MD_DA410
DA
MD DA410 BUTTER - Northeast  

MADISON, WI. August 2, 2017 (Report 31)

Butter spot sales activity and prices have increased this week. 
Northeastern butter sales through retail and food service channels are 
strong as weekly announcements advertise butter. The demand is stable.  
Cream multiples in the East are firm as Class II and IV manufacturers 
are purchasing cream to clear into production. With the current 
humidity, milk volumes into balancing plants have decreased. Butter 
churns in the Northeast are steady to shut off. A number of butter 
makers continue to sell cream. Inventories are steady to decreasing, 
as many churns are turned off, but butter orders are good. Bulk butter 
prices are 5 to 7 cents over the market of the CME Group, with various 
time periods and averages used. The market tone is in good shape as 
there is active sales activity around higher prices. Tuesday's CME 
Group cash trading saw Grade AA butter prices closed at $2.6825, up 
$0.0925 from the previous week. According to the DMN National Retail 
Report-Dairy, for July 28 to August 3, 2017, the Northeast weighted 
average retail price for 1-pound butter was $3.75, 26 cents higher 
than the national average price and up 37 cents from last week's 
Northeast butter price. Retail butter markets reported prices ranging 
$2.50-$4.59. The surveyed average price in the Southeast moved to 
$3.73, with prices ranging $3.00-$3.89.   

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