NorthEast Butter

4/8/2013 3:00 PM

MD_DA410
DA
MD DA410 BUTTER - NORTHEAST
MADISON, WI. April 03, 2013 (Report 14)
NORTHEAST BUTTER
The CME Group butter price increased $0.0025 on Tuesday and closed at
$1.6325. This is the first price increase in the last 9 trading sessions.
Cream supplies were very heavy going into the holiday weekend keeping churns
operating at/or near capacity. Domestic demand for butter has declined
following Easter. Current production is adding to most manufacturers'
inventories. A few butter makers are continuing to make 82% unsalted butter
to fill export orders. Export demand remains active with support from
assistance programs. Cooperatives Working Together (CWT) has accepted
requests for export assistance to sell 1.636 million pounds (742 metric
tons) of butter. The products will be delivered April through September
2013. During 2013, CWT has assisted member cooperatives in making export
sales of butter totaling 46.484 million pounds. According to the National
Dairy Retail Report, retail butter ads in the Northeast totaled 1,582, 19%
of the total national ad count of 8,522, third highest of any region. The
weighted average price for a 1 lb. package of butter in the Northeast was
$2.79, 33 cents more than the national weighted average price and 25 cent
more than the previous reporting period. Current bulk butter prices are 4-
8 cents over the market on the CME Group with various time frames and
averages used.
1100C rick.whipp@ams.usda.gov



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