MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  November 12, 2015 (REPORT 45)                      

OCEANIA                                                          
INFORMATION GATHERED  11/02/2015 - 11/13/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:  

Oceania butter prices are sharply lower, reflecting weaker market 
conditions. Demand is weaker and the volumes of sales are often based on 
the pricing point. Export movements are steady to lower to regular 
accounts. Production is seasonally active to build stocks for later 
commitments. At the November 3 GDT event #151, butter prices averaged 
$2,520 for December contracts. For all periods, butter averaged $2,574/MT, 
down 5.6%. AMF prices averaged $3,582/MT for December contracts. For all 
contracting periods, the AMF price average was $3,647/MT, -5.7%.                                                        
                                                                 
82% BUTTERFAT:                           2,500 - 3,200           
                                                                                                   
0930C Butch.Speth@ams.usda.gov 608.557.7001
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