MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  May 28, 2015 (REPORT 21)                           

OCEANIA                                                          
INFORMATION GATHERED  05/18/2015 - 05/29/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:  Butter prices declined this reporting period.  Supplies are 
fairly tight, which would seem to contradict the general lower pricing 
trend, but some discounts can be found from those manufacturers seeking to 
adjust their inventories.  Oceania prices are on the low end of the global 
market.  Demand has been fairly good with good interest coming from the US 
in recent weeks.  At the May 19 GDT event #140, butter prices averaged 
$2,890/MT for July contracts, -3.2% from the prior event.  Butter prices 
averaged $2,911/MT for all contracting periods, -3.2% from the prior 
event.  AMF prices averaged $3,335/MT for July contracts, -4.9% from the 
prior event.  For all contracting periods, the AMF price average was 
$3,337/MT, -4.8%.  
                                                                 
82% BUTTERFAT:                           2,875 - 3,500           

0930C rick.whipp@ams.usda.gov 608.557.7004
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