MD_DA410
DA
MD DA410 BUTTER - Northeast  

MADISON, WI. August 16, 2017 (Report 33)

Manufacturers' butter churning schedules are dependent on sufficient 
to tighter cream supplies. In addition, milk intakes for operations 
capable of processing cream after separation are variable. As some 
producers receive steady cream supplies from regular sources, locating 
surplus cream is challenging for others. Butter stocks are declining 
for some balancing operations as they pull from supplies to provide 
for active interest. Overall, butter demand is good. Both offerings 
and bids are fairly active as buyers/sellers seek agreeable cash price 
positions. Some market sources expect steady to higher butter prices, 
with climbs in the global market. In the East, the bulk butter price 
is 5 to 8 cents over the market of the CME Group, with various time 
frames and averages used. Tuesday's CME Group daily cash trading saw 
Grade AA butter prices close at $2.6700, up $0.0100 from the previous 
week. According to the DMN National Retail Report-Dairy, for August 
11-17, 2017, the Northeast weighted average retail price for 1-pound 
butter was $4.40, 70 cents higher than the national price and up 49 
cents from last week's Northeast butter price. Retail butter markets 
reported prices ranging $2.99-$5.49 in the Northeast. The surveyed 
average price in the Southeast is $3.43, down 4 cents from last week, 
with prices ranging $1.99-$3.88. 


1100CT daniel.johnson@ams.usda.gov 608.422.8506
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