MD_DA410
DA
MD DA410 BUTTER - Northeast  

MADISON, WI. September 20, 2017 (Report 38)

Eastern manufacturers' butter orders into educational institutions are 
steady to higher as many Southeastern schools have reopened after 
Hurricane Irma. Retail sectors' butter sales are steady to lower, as 
due to the hurricanes many stores have been closed. However, a number 
of stores reopened and are restocking their shelves. Butter spot sale 
activities are moderate this week, as prices have decreased from past 
weeks. Milk volumes into balancing are steady to lower. The demand for 
cream is steady and the availability is stable for contracts and 
steady to slightly decreasing for spot loads. In addition, many 
Southeastern farms have had milk transportation issues and some 
separators have been down, causing complications. Butter churning 
schedules are full to blank. Some balancing operations' production is 
strong and other manufacturers will not pick up production until close 
to the end of the year. Supplies are able to meet contracted 
agreements in most manufacturers' facilities. The bulk butter price is 
5 to 8 cents over the market of the CME Group, with various time 
periods and averages used. The market tone is fairly steady with signs 
of the Eastern market starting to pick up. According to the DMN 
National Retail Report-Dairy, for September 15-21, 2017, the Northeast 
weighted average retail price for 1-pound butter was $3.93, 9 cents 
higher than the national price and up 59 cents from last week's 
Northeast butter price. Retail butter markets reported prices ranging 
$2.89-$4.99 in the Northeast. The surveyed average price in the 
Southeast is $3.99, up 33 cents from last week, with prices ranging 
$3.98-$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