MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  July 09, 2009 (REPORT 27)                          

OCEANIA                                                          
INFORMATION GATHERED  06/29/2009 - 07/10/2009                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:  Oceania butter prices are generally steady, although a firm undertone 
prevails.  Many traders and handlers feel that the pricing bottom for most 
manufactured dairy product markets, including butter, is at hand.  Milk 
production is at seasonal low levels, thus churning is not occurring at this 
time.  Butter demand is basically centered around an internal need at this time 
with orders being filled from inventoried stock.  International sales are 
limited, although sales negotiations for the upcoming milk production season are 
starting to develop.  Reports are minimal, but some indicate that negotiations 
are progressing slower than usual.                  
                                                                 
82% BUTTERFAT:                           1,750 - 2,100

0930c steve Schneeberger  (608)250-3204