MD_DA410
DA
MD DA410 BUTTER - Northeast  

MADISON, WI. August 30, 2017 (Report 35)

Many Eastern manufacturers' butter orders are steady to strong as 
schools start to reopen for the year. Traders and brokers communicate 
spot market prices are steady to lower. The current demand is mixed as 
retail and educational channels are in high demand for butter. 
However, a number of market participants are holding off on 
purchasing, and are willing to watch and see where the butter price 
will go. Balancing plants are taking in steady to tight milk intakes, 
as bottling facilities are filling pipelines. Cream availability for 
contracts is steady, but spot availability has been limited. 
Production has picked up in some balancing operations for packaged and 
bulk butter. Inventories are adequate to short. Bulk butter price is 5 
to 8 cents over the market of the CME Group, with various time frames 
and averages used. The market undertone is generally stable. Tuesday's 
CME Group daily cash trading saw Grade AA butter prices close at 
$2.5550, down $0.0150 from the previous week. According to the DMN 
National Retail Report-Dairy, for August 25-31, 2017, the Northeast 
weighted average retail price for 1-pound butter was $3.65, 13 cents 
higher than the national price, but down 18 cents from last week's 
Northeast butter price. Retail butter markets reported prices ranging 
$2.50-$4.49 in the Northeast. The surveyed average price in the 
Southeast is $3.77, up 58 cents from last week, with prices ranging 
$3.00-$3.99.  

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