Advertisement

NorthEast Butter

10/12/2012 3:00 PM

MD_DA410
DA
MD DA410 BUTTER - NORTHEAST
MADISON, WI. October 10, 2012 (Report 41)
NORTHEAST BUTTER
The CME Group butter price increased $0.0150 on Tuesday to close at
$1.9400. Butter price increases over the past 2 trading sessions
have recovered $0.0800 of the $0.0925 decline that occurred Friday.
Trading has been fairly brisk with 20 loads transacted in the last 3
sessions. Cream supplies were readily available following Friday's
steep price decline in butter. Heavy volumes of cream went to the
churn and added to butter inventories. Demand for butter has
improved, but is lagging behind last year's levels. Some butter
makers have more than adequate inventories and are hesitant to add to
current supplies. According to the National Dairy Retail Report,
retail butter ads in the Northeast totaled 2,300, 52% of the total
national ad count of 4,419 and the highest number for any region.
The weighted average price for a 1 lb. package of butter in the
Northeast was $2.70, 9 cents more than the national weighted average
price, but 15 cents less than the previous reporting
period. According to NASS, cumulative 2012 butter production
through August was 4.3% above cumulative year production for the same
period for 2011. August's monthly U.S. butter production totaled
129.1 million pounds, down 3.1% from July and 3.5% less compared to
August 2011. Atlantic region butter production in August totaled 7.5
million pounds, down 21.0% from July, but 12.5% higher than August
2011. Current bulk butter prices range from 4-8 cents over the
market based on the CME Group with various time frames and averages
used.

1100C rick.whipp@ams.usda.gov


Given the prolonged winter, have you been able to do any of your spring planting?

  • Yes
  • No
  • Almost

User Submitted Photos

View photos      Submit your photos

4/20/2014 | Last Updated: 1:15 AM