MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  December 10, 2015 (REPORT 49)                      

OCEANIA                                                          
INFORMATION GATHERED  11/30/2015 - 12/11/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:  Butter prices in Oceania firmed at the bottom of the price range. 
Prices seem well supported by market conditions. Sales are strong into 
retail channels but weaker for bulk butter. There is some pull on cream to 
cream cheese and ice cream manufacturing. Price movement up and down is 
expected in the near future as markets test demand and supply. At the 
December 1 GDT event #153, unsalted butter prices averaged $2,845/MT for 
February contracts, +8.0% from the prior event.  Butter prices averaged 
$3,009/MT for all contracting periods, +5.7% from the prior event.  AMF 
prices averaged $3,505/MT for February contracts, +2.5% from the prior 
event.  For all contracting periods, the AMF price average was $3,519/MT, 
+2.3%.  

82% BUTTERFAT:                           2,700 - 3,200           


0930c 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