MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  June 25, 2015 (REPORT 25)                          

OCEANIA                                                          
INFORMATION GATHERED  06/15/2015 - 06/26/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:  Oceania butter prices moved marginally higher on the low end of 
the range, reflecting some increases in prices for later in the year 
contracts.  The upper end of the price range was unchanged.  Activity is 
fairly light.  There continues to be some export demand coming from the 
United States, but demand interest from the US has slowed as domestic 
supplies have increased.  Seasonal, domestic butter demand in Oceania is 
at fair to moderate levels.  Production trends have declined to seasonal 
low points.  
At the June 16 GDT event #142, unsalted butter prices averaged $2,685/MT 
for August contracts, +0.9% from the prior event.  Butter prices averaged 
$2,707/MT for all contracting periods, +3.3% from the prior event.  AMF 
prices averaged $2,777/MT for August contracts, -9.5% from the prior 
event.  For all contracting periods, the AMF price average was $2,814/MT, 
-8.9%.  
                                                                                                                         
82% BUTTERFAT:                           2,650 - 3,300           

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