MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  July 23, 2015 (REPORT 29)                          

BUTTER:                                                          

OCEANIA                                                          
INFORMATION GATHERED  07/13/2015 - 07/24/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

Prices for butter in Oceania declined. Interest was light. Oceania year to 
date exports of butter through May are below year ago levels. AMF year to 
date exports through May are also below last year's levels. At the July 15 
GDT event #144, unsalted butter prices averaged $2,455/MT for September 
contracts, -9.4% from the prior event. Butter prices averaged $2,460/MT 
for all contracting periods, -9.5% from the prior event. AMF prices 
averaged $2,495/MT for November contracts, -14.0% from the prior event. 
For all contracting periods, the AMF price average was $2,621/MT, -10.6%.  
                                                               
82% BUTTERFAT:                           2,450 - 3,200           
                                                                                                                     
0930C eric.graf.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