MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  February 18, 2016 (REPORT 7)                       

OCEANIA                                                          
INFORMATION GATHERED  02/08/2016 - 02/18/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT            

Butter prices weakened this week. The current price range is below the 
range one year ago, which was 3,600 - 4,100. Current pricing reflects 
lower regional butter demand where much butter currently produced is being 
consumed domestically, cream is increasingly going to other uses, and 
export sales are slower. At the February 16 GDT event #158, NZ butter 
averaged averaged $2,840/MT for April contracts, -1.4% from the prior 
event. Butter for all regions and contracting periods averaged $2,834/MT, 
-2.3%.  New Zealand AMF prices averaged $3,536/MT for April contracts, 
+1.4% from the prior event.  For all contracting periods, the AMF price 
average was $3,527/MT, +1.5%.  

                
BUTTER:                                                          
                                                                 
82% BUTTERFAT:                           2,800 - 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