MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.  February 8, 2012 (Report 6)  

NORTHEAST BUTTER

The CME Group butter price declined $0.0175 on Tuesday and closed at 
$1.4450.  In the last 5 trading sessions the butter price has declined 
6 cents.  Cream continues to be readily available with supplies 
exceeding demand, causing churning schedules to be at increased levels.  
Butter production increases are the rule for all varieties, whether 
bulk, print, salted, unsalted or 82% for possible export.  Domestic 
demand for butter remains soft.  Export interest has increased with the 
recent declines in the CME Group butter market.  Current bulk butter 
prices range from 4-8 cents over the market based on the CME Group with 
various time frames and averages used. 
DAIRY PRODUCTS:  According to NASS, cumulative 2011 butter production 
at 1,805.5 million pounds was 15.4% above cumulative production for 
2010. December 2011 monthly U.S. butter production totaled 165.9 
million pounds, up 8.9% from November and 5.2% more when compared to 
December 2010. Atlantic region butter production in December totaled 
16.1 million pounds, up 30.1% from November, but 7.0% less than 
December 2010. 

	U.S. Butter Imports (USDA-FAS)	
                 2012 Imports         % Change From   % of 
                  (Million Lb.)       1 Year Ago      Yearly Quota

Jan.  
High Tier            .01              + 22.2             N.A.
Quota Imports       0.55              +  9.8             3.6

1100C rick.whipp@ams.usda.gov