MD_DA440  
DA 
MD DA440 BUTTER - WEST 

MADISON, WI.  October 21, 2015 (REPORT 42)

WEST BUTTER

Domestic demand for retail butter has remained strong in advance of the Q4 holidays. 
Manufacturers state butter production is steady and active for both bulk and print 
butter. Cream supplies are adequate for butter making needs. Regular customers are taking 
orders of butter, but are cautious of large price fluctuations. Some industry contacts 
suggest the current demand has been able to help reduce inventories. The DMN National 
Retail Report - Dairy for the week of October 16 - 22, found that the U.S. weighted 
average advertised price of 1 pound butter is $3.25, up $.16 from one week ago but down 
$.95 from one year ago. In the Southwest, the weighted average advertised price for 1 
pound butter was $3.92 with a price range of $2.88 - $5.49, and in the Northwest, $3.11 
with a price range of $2.99 - $3.99. Bulk butter pricing in the West this week is 4 cents 
under market to 3 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 $2.4200, 
up $.0700 from a week ago.


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

Sep  Quota Imports   0.6              -  19.0             4.1

Jan. - Sep  
High Tier           15.1              + 463.8             N.A.
Quota Imports       12.4              +   1.5             80.6


Dairy Market News Reporting Changes Proposal
Dairy Market News (DMN) is proposing updating the Dairy Market News Working Guidelines. 
This proposal is the result of an industry comment period. The updates would allow DMN 
market reports to additionally include information and sales prices reported by 
individuals and firms functioning as marketing agents selling on the behalf of dairy 
product manufacturers. The Working Guidelines updates are intended to capture more 
information on pricing and market conditions and reflect the evolution of the marketing 
of dairy products. Currently, market pricing information is collected for first sale, 
f.o.b. producers' plants or warehouses. The changes would be effective starting with 
Report 1, January 2016.

Comment by October 30, 2015 to: DMN@ams.usda.gov
Link to current DMN working guidelines:
http://www.ams.usda.gov/market-news/individual-dairy-market-news-commodity-reports


1530CT Mike.Bandli@ams.usda.gov 608.557.7010
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