MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  April 02, 2015 (REPORT 13)                         

OCEANIA                                                          
INFORMATION GATHERED 03/23/2015 - 04/03/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:   Oceania butter prices moved lower at each end of the price 
range.  While the low end is near Event 137 GDT pricing, the upper end 
pushes past GDT prices due to transaction pricing.  With Q2 needs being 
filled by many customers, there is less pressure to acquire butter short 
term.  Awareness of anticipated increased butter availability from the US 
in the near future and current EU butter availability are also influencing 
markets.  Many manufacturers are well sold which has tempered price 
declines due to less motivation to deal to complete transactions.  At the 
April 1 GDT event #137, NZ butter averaged $3,259/MT for May contracts, -
7.6% from the prior event.  New Zealand AMF prices averaged $3,669/MT for 
June contracts, -4.5% from the prior event.  For all contracting periods, 
the AMF price average was $3,663/MT, -5.3%.  
                                                                                                                   
82% BUTTERFAT:                           3,200 - 3,750           

0930C eric.graf@ams.usda.gov 
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