MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  November 24, 2015 (REPORT 47)                      

OCEANIA                                                          
INFORMATION GATHERED  11/16/2015 - 11/27/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:  Oceania butter prices are up slightly at the bottom of the price 
range but stable at the top. This market is called "difficult", and has 
kept some potential buyers on the sidelines because many are comfortably 
stocked with butter for present needs. Some upward butter price movements 
on the November 17 gDT event #152, in contrast to a number of price 
declines for other commodities, is attributed to relatively low butter 
trading volumes reacting to recent butter price declines that were 
considered surprising in some quarters.                                                       
                                                                 
82% BUTTERFAT:                           2,600 - 3,200           

0230c Eric.Graf@ams.usda.gov 608.557.7005
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