MD_DA410
DA
MD DA410 BUTTER - Northeast  

MADISON, WI. September 27, 2017 (Report 39)

The butter demand on the spot market is moderate as market 
participants are buying butter, but at decreased prices compared with 
recent weeks. Milk loads into Eastern balancing operations are steady 
to lower. The cream demand continues to be steady as a number of 
butter makers are clearing cream into churns. Butter production is 
strong in some plants and down in others. There are anticipations that 
churns will start back up close to the end of the year. Manufacturers 
who are making butter have available supplies for their contracted 
agreements. 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 
undertone is steady. According to the DMN National Retail Report-
Dairy, for September 22-28, 2017, the Northeast weighted average 
retail price for 1-pound butter was $4.23, 40 cents higher than the 
national price and up 30 cents from last week's Northeast butter 
price. Retail butter markets reported prices ranging $3.50-$4.99 in 
the Northeast. The surveyed average price in the Southeast is $3.13, 
down 86 cents from last week, with prices ranging $2.25-$3.99. This 
week, a cooperative export assistance program accepted requests for 
export assistance to sell 385.8 thousand pounds (175 metric tons) of 
butter. COLD STORAGE:  According to NASS, U.S. butter in storage on 
August 31, 2017 totaled 280.2 million pounds, 12 percent below a year 
ago and 9 percent less than last month. Public warehouse stocks 
totaled 259.6 million pounds. 

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