MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  November 10, 2016 (REPORT 45)                      

OCEANIA                                                          
INFORMATION GATHERED 10/31/2016 - 11/11/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:                                                          

Butter prices are mostly higher. There is good demand for butterfat 
and production of butter is steady to lower. This is also partly due 
to lower milk intakes in the region. Export demand is mainly steady 
along projected levels. Available supplies remain in tight positions. 
At the November 1 GDT event #175, butter for all regions and 
contracting periods averaged $4,146/MT, +4.0%. The AMF price average 
was $5,146/MT, +2.6%.  
                                                                
82% BUTTERFAT:                           4,000 - 4,200           

0930c Butch.Speth@ams.usda.gov 
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