MD_DA410
DA
MD DA410 BUTTER - Northeast  

MADISON, WI. October 4, 2017 (Report 40)

Butter spot sale prices have decreased in the market this week. Spot 
trading activity is moderate as manufacturers are offering butter, but 
traders and brokers are counteroffering lower prices. The demand is 
steady and market participants are willing to watch and see where the 
price goes before purchasing. Eastern milk volumes are steady to lower 
into balancing plants. Butter production is active to quiet in 
manufacturing. Supplies are fairly available for contracted and spot 
requests in the region. The bulk butter price is 5 to 8 cents over the 
market of the CME Group, with various time frames and averages used. 
The market tone is showing signs of weakness as butter prices are 
declining, but there are expectations the demand will increase in the 
near future. Tuesday's CME Group cash trading saw Grade AA butter 
close at $2.3300, down $0.0950 from a week ago. The CME Group monthly 
average price for Grade AA butter during September 2017 was $2.4370, 
compared to $1.9950 a year ago. According to the DMN National Retail 
Report-Dairy, for September 29-October 5, 2017, the Northeast weighted 
average retail price for 1-pound butter was $3.81, 3 cents higher than 
the national price, but down 42 cents from last week's Northeast 
butter price. Retail butter markets reported prices ranging $1.99-
$4.99 in the Northeast. The surveyed average price in the Southeast is 
$3.50, up 37 cents from last week. 

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