MD_DA440  
DA 
MD DA440 BUTTER - WEST 

MADISON, WI.  February 22, 2017 (REPORT 8)

WEST BUTTER

Western butter makers report plentiful cream. Some manufacturers are trying to 
sell off excess cream with mixed results. Butter production is active and 
processors are focusing a little more heavily on making print butter in advance 
of the spring holiday season. Butter inventories are building for both short and 
long term butter needs. A few manufacturers are also making bulk butter for late 
year needs with the plentiful cream and as scheduling allows. Domestic butter 
demand is steady with most butter moving through current contracts. Bulk butter 
pricing in the West this week is 4 cents below to 3 cents above, based on the CME 
Group with various time frames and averages used. The DMN National Retail Report-
Dairy for the week of February 17-23 found that the U.S. weighted average 
advertised price of 1 pound butter is $3.31, up $.27 from last week. The U.S. 
weighted average price was $3.44 one year ago. In the Southwest, the weighted 
average advertised price of 1 pound butter is $2.72 with a price range of $0.99-
$3.50. In the Northwest, the weighted average advertised price of 1 pound butter 
is $3.86 with a price range of $2.50-$4.49. The Grade AA butter price at the CME 
Group on Wednesday closed at $2.1175, down $.0400 from a week ago.


1530CT Mike.Bandli@ams.usda.gov 608.422.8592
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