MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  July 07 , 2016 (REPORT 27)                          

OCEANIA                                                          
INFORMATION GATHERED  06/27/2016 - 07/08/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:   

Butter prices firmed this week, reflecting interest in 
acquiring current supplies. Manufacturers are less 
certain as to whether this price bump will persist or 
increase further. At GDT Event 167 on June 15, butter 
prices increased 6.2% for the August contract, but 
declined 3.1% for all contracts. Except for the August 
15 contract, all price adjustments were negative. 
Butter production in Australia January-April 2016 is 
5.2% below the same period of last year according to 
Dairy Australia. April 2016 production is 15.3% below 
April last year.
                                                                                                                        
82% BUTTERFAT:                           2,825 - 3,100           


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