MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  September 17, 2015 (REPORT 37)                     

OCEANIA                                                          
INFORMATION GATHERED  09/07/2015 - 09/18/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER: Prices for butter are moving higher. Manufacturers are still 
favoring production of butter and skim milk powder instead of other 
commodities. However, production is down due to uneven milk intakes and 
lower components. Some manufacturers are reporting current inventory 
levels are tight as the holiday season approaches. Export demand is strong 
as prices are below U.S. prices. At the September 15 GDT event #148, 
unsalted butter prices averaged $3,020/MT for November contracts, +13.1% 
from the prior event. Butter prices averaged $3,108/MT for all contracting 
periods, +13.3% from the prior event. AMF prices averaged $3,402/MT for 
November contracts, +16.1% from the prior event. For all contracting 
periods, the AMF price average was $3,440/MT, +13.7%.  

                                                           
82% BUTTERFAT:                           2,800 - 3,175           
                                         

                                                                                                         
0930C Tara.Herbst@ams.usda.gov 608.557.7007
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