MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  October 29, 2015 (REPORT 43)                       

OCEANIA                                                          
INFORMATION GATHERED  10/19/2015 - 10/30/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER: Butter prices are unchanged this reporting period. The recently 
rising prices are making exporting to the U.S. less attractive. 
Manufacturing is limited and supplies are low. Some manufacturers have 
stopped production. Most producers are making and storing product for 
future needs. At the October 20 GDT event #150, unsalted butter had sales 
in one contract period, April 2016, where prices averaged $2,850/MT, -
11.1% from the prior event. AMF prices averaged $3,879/MT for December 
contracts, +5.7% from the prior event. For all contracting periods, the 
AMF price average was $3,856/MT, +2.4%.


    
                                                                 
82% BUTTERFAT:                           2,950 - 3,400           
                                                                                                    
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