NorthEast Butter

2/5/2013 3:00 PM

MD_DA410
DA
MD DA410 BUTTER - NORTHEAST
MADISON, WI. January 30, 2013 (Report 05)
NORTHEAST BUTTER
The butter price on the CME Group was unchanged Tuesday and closed at
$1.5050. Following a series of price increases, butter prices have been
unchanged for the last 6 sessions in fairly light trading with 5 loads
transacted. Cream supplies going to churns remain heavy with most churns
operating at near capacity. Current butter production is filling orders and
adding to inventories. All varieties of butter, 80%, 82%, salted and
unsalted, are in current production. Domestic demand is steady and typical
for this time of year. Bulk butter purchases remain fairly active with
numerous buyers viewing the butter market as being at a level that offers
the opportunity to expand inventories at minimal risk. Export demand is
active with good support from incentive programs. Current bulk butter
prices remain strong and range from 4-14 cents over the market based on the
CME Group with various time frames and averages used. Cooperatives Working
Together (CWT) has accepted requests for export assistance to sell 1.160
million pounds (536 metric tons) of butter. The product will be delivered
February through June 2013.

1100C rick.whipp@ams.usda.gov


Has the Food and Drug Administration done enough to revise its produce safety rule?

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10/30/2014 | Last Updated: 7:15 AM