MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  November 12, 2009 (REPORT 45)                      

OCEANIA                                                          
INFORMATION GATHERED  11/02/2009 - 11/13/2009                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:  Oceania butter markets and prices are firm.  Although milk 
production is at seasonal high levels, cream volumes are often short of 
churning needs.  Anhydrous milk fat demand is strong, thus pulling 
heavier cream volumes than usual.  Some Oceania handlers are reaching to 
other international sources to secure additional volumes of butter to 
supplement current output.  On November 3, anhydrous milk fat was traded 
at the global/Dairy Trade event in New Zealand for the first time and 
$4,757 per MT.  Near term (January) shipments averaged $4,809 per MT, 
February - April averaged $4,728, and May - July shipments averaged 
$4,735.
                                                            
82% BUTTERFAT:                           3,250 - 4,000

0930c steve Schneeberger  (608)250-3204