MD_DA440  
DA                                                         
MD DA440 BUTTER - WEST                           

MADISON, WI.  February 18, 2015 (REPORT 7)
 
WEST BUTTER:

Prices this week have been relatively stable.  Bulk butter 
pricing is even with CME Group pricing with various time frames 
and averages used.  Last week 36 carlots of butter were sold in 
CME Group trading.  Some manufacturers are churning available 
internal cream this week, not selling or buying any cream for 
churning on spot markets.  Print orders for retail sales are 
good ahead of the Easter/Passover season, a time when butter 
demand has a spike.  Butter production is steady this week.  The 
DMN National Retail Report-Dairy ads for the week of February 
13-19, shows the U.S. weighted average advertised retail price 
for a one pound pack of butter at $3.62, up $.59 from last week 
and $.65 higher than a year ago.  Butter ad prices averaged 
$3.51 in the Southwest and $3.18 in the Northwest.  Butter 
prices at the CME Group on Wednesday closed at $1.7200, up 
$.0100 from a week ago and unchanged this week so far. 


1530CT eric.graf@ams.usda.gov 
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: 
http://www.marketnews.usda.gov/mnp/da-home