MD_DA440  
DA 
MD DA440 BUTTER - WEST 

MADISON, WI.  JUNE 17, 2015 (REPORT 24)

WEST BUTTER

West butter manufacturing continues to hold steady. Although milk 
production has slowed somewhat in parts of the West, most 
manufacturers report milk and cream are available for butter 
production. Manufacturers are focusing processing on meeting current 
contracts. Consumer butter demand continues to be good. Some 
processors continue to sell a few loads of cream.  The seasonal 
increase in ice cream production is using some of this excess cream.

The DMN National Retail Report - Dairy for the week June 12 - 18, 
found that the U.S. weighted average advertised price of 1# butter is 
$3.31, up $.26 from one week ago and up $.07 from one year ago. In the 
Southwest the weighted average advertised price for 1# butter was 
$3.53 with a price range of $2.99 - $3.99, and in the Northwest, $3.43 
with a price range of $2.00 - $3.99. 

Bulk butter pricing in the West this week is 4 cents under market to 5 
cents above, based on the CME Group with various time frames and 
averages used. 

The Grade AA butter price at the CME Group on Wednesday closed at 
$1.8950, up $.0350 from a week ago.


               2015 U.S. Butter Imports (USDA-FAS)
                  (Million Lb.)       % Change From   % of 
                                      1 Year Ago      Yearly Quota

May  Quota Imports   1.4              -  18               9

Jan. - May  
High Tier            3.7              +2828              N.A.
Quota Imports        9.8              +  47              64

1530CT mike.bandli@ams.usda.gov 608.557.7010
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