Butter - Northeast
USDA - Wed Mar 07, 11:00AM CST
MD_DA410

     Butter - Eastern U.S.

     Report 10 - Released on March 07, 2018

     Butter production is tapering off for some processors, but others are maintaining active
     production rates in order to replenish inventories. While cream into churns is available,
     Class II production is pulling stronger on available cream, prompting higher multiples. Some
     market participants shared that they are uncertain of being able to rebuild their stocks
     after the holiday demand due to tightening cream supplies. Retail butter orders for both
     salted and unsalted varieties are seasonally strong. Inventories are tight to sufficient. In
     the international market, domestic butter prices are lower and still very competitive. The
     market tone is trending higher. Sales of bulk butter in domestic markets are 4 to 7 cents
     over the market of the CME Group, with various time periods and averages used. Tuesday�s
     CME Group trading saw the daily cash butter price settle at $2.2325, up $0.0500 from last
     Tuesday. The CME Group monthly average price for Grade AA butter during February 2018 was
     $2.1211, compared to $2.1534 a year ago. According to the DMN National Retail Report-Dairy,
     March 2-8, 2018, the Northeast weighted average retail price for 1-pound butter was $3.73,
     17 cents higher than the national price, but down 16 cents from last week�s regional price.
     Retail butter markets reported prices ranging $2.00-$4.69 in the Northeast.
     DAIRY PRODUCTS: According to NASS, U.S. butter production for January 2018 totals 185.5
     million pounds, up 4.3 percent from last year and up 9.0 percent from December 2017.
     January 2018 butter production in the Atlantic region totaled 23.0 million pounds, up 4.1
     percent from last year and up 25.5 percent from December 2017.
     Prices for: Eastern U.S., All First Sales, F.O.B., Grade AA, Conventional, and Edible Butter

     Bulk Basis Pricing  - 80% Butterfat $/LB:              +0.0400 - +0.0700


     Information for the period March 5 - 9, 2018, issued weekly

     Secondary Sourced Information:

     DAIRY PRODUCTS: According to NASS, U.S. butter production for January 2018 totals 185.5
     million pounds, up 4.3 percent from last year and up 9.0 percent from December 2017.
     January 2018 butter production in the Atlantic region totaled 23.0 million pounds, up 4.1
     percent from last year and up 25.5 percent from December 2017.
     Published by:
     Dairy Market News - Madison, WI
     JENNIFER HERNANDEZ, (608)422.8597
     Email: JenniferA.Hernandez@ams.usda.gov
     DANIEL JOHNSON, (608)422.8605
     Email: Daniel.Johnson@ams.usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422.8602
     DMN Website: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home