MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  April 27, 2017 (REPORT 17)                         

OCEANIA                                                          
INFORMATION GATHERED  04/17/2017 - 04/28/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:  

      Butter prices in Oceania slightly increased at the bottom 
of the price range but are steady at the top. While not the 
highest prices of 2017, current pricing is near the upper 
reaches for the year. Concerns with milk production for the 
remaining months of the New Zealand season are believed to be 
influencing pricing of butter, especially after May. Two 
cyclones in the last several weeks have caused substantial 
flooding in some important dairy areas. This has increased 
apprehension as to what impact may accrue to dairy production 
and product prices. 
      At GDT Event 186 on April 18, the butter all contracts 
price increased 2.9%, but the May contract price decreased 6.5%. 
                                                                 
82% BUTTERFAT:                           4,900 - 5,350           

0930c eric.graf@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