MD_DA410
DA
MD DA410 BUTTER - Northeast  

MADISON, WI. October 18, 2017 (Report 42)

Retail butter prices in the East are stable as weekly advertisements 
are announced. Spot market butter prices have weakened, but may have 
found some footing. Butter manufacturers are producing retail and bulk 
supplies as churns are progressing at a steady pace. The market 
appears to be ready for the holiday season as stocks are adequate for 
the upcoming holiday needs. The bulk butter price is 5 to 8 cents over 
the market of the CME Group, with various time periods and averages 
used. The tone is fairly uncertain as the demand is moderate but 
butter prices have been lower, although there are signs of the market 
strengthening. Tuesday's CME Group cash trading saw Grade AA butter 
close at $2.400, up $0.075 from a week ago. According to the DMN 
National Retail Report-Dairy, for October 13-19, 2017, the Northeast 
weighted average retail price for 1-pound butter was $3.47, 10 cents 
higher than the national price, but down 19 cents from last week's 
Northeast butter price. Retail butter markets reported prices ranging 
$2.50-$4.99 in the Northeast. The surveyed average price in the 
Southeast is $2.99, down 38 cents from the national price. 

1100CT Jessica.Mueller@ams.usda.gov 608.422.8589
JennfierA.Hernandez@ams.usda.gov 608.422.8597
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