MD_DA440                                                         
DA                                                               
MD DA440 BUTTER - WEST 

MADISON, WI.  March 30, 2016 (REPORT 13)

WEST BUTTER

Cream is readily available for western butter production. However, butter churns are 
already full, or nearly full, and many butter makers are not overly eager to buy the 
excess cream. Domestic retail butter demand is holding steady and a number of buyers are 
still interested in locking up print volumes for needs later in the year. Much of the 
current butter production is focused on bulk butter. Inventories are building at both 
manufacturers and secondary marketers. The DMN National Retail Report-Dairy for the week 
of March 25-31 found that the U.S. weighted average advertised price of 1 pound butter is 
$2.70, down $.37 from last week. The U.S. weighted average price was $2.69 one year ago. 
In the Southwest, the weighted average advertised price of 1 pound butter is $3.02. In 
the Northwest, the weighted average advertised price of 1 pound butter is $2.87. Bulk 
butter pricing in the West this week is 3 cents under market to 2 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 $1.9550, up $.0350 from a week ago.

15300CT 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