MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  February 05, 2009 (REPORT 5)                       

OCEANIA                                                          
INFORMATION GATHERED  01/26/2009 - 02/06/2009                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:  Oceania butter markets are generally steady with recent weeks 
although some prices continue to adjust lower.  Traders and handlers 
indicate that sales are occurring, but often not at desired levels.  For 
those that are experiencing slower sales, sales negotiations continue to 
be variable.  Warehouse space is limited, especially in New Zealand, 
thus product needs to continue to clear ports and competitively priced 
products seems to be doing that.  The milk production season is on the 
down side, thus butter production is also on the decline.                                                          
                                                                 
82% BUTTERFAT:                           1,600 - 2,100

0930c steve schneeberger  (608)250-3204