MD_DA440  
DA 
MD DA440 BUTTER - WEST 

MADISON, WI.  JUNE 24, 2015 (REPORT 25)

WEST BUTTER

West butter manufacturing is steady to lower as manufacturers focus on 
meeting current contracts.  Some industry contacts suggested they are 
comfortable with their current inventory and anticipate production to 
be somewhat slower until the seasonal increase in production begins 
this fall. Most contacts report milk and cream are available for 
butter production, with a few manufacturers selling off loads of cream 
to ice cream producers. Consumer demand has been relatively steady.  

The DMN National Retail Report - Dairy for the week June 19 - 25, 
found that the U.S. weighted average advertised price of 1# butter is 
$3.11, down $.20 from one week ago and down $.13 from one year ago. In 
the Southwest, the weighted average advertised price for 1# butter was 
$3.43 with a price range of $2.50 - $5.49, and in the Northwest, $3.09 
with a price range of $2.49 - $3.50. 

The NASS Cold Storage report noted U.S. butter stocks as of May 31, 
2015, were 264.3 million pounds, an increase of 26% or 54.8 million 
pounds compared to a year ago.  This is an increase of 14% or 31.9 
million pounds compared to a month ago.

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 
$1.8800, down $.0150 from a week ago.

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