MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  April 30, 2015 (REPORT 17)                         

WESTERN EUROPE                                                   
INFORMATION GATHERED  04/20/2015 - 05/01/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE

BUTTER/BUTTEROIL:  Prices for butter moved marginally lower on both ends 
of the range. Bulk butter trading continues to be light as buyers are 
waiting for further market developments and possible lower prices as milk 
production seasonally expands.  The market undertone remains weak.  PSA 
stock levels through April 19 amounted to 46,801 MT. The Netherlands, 
France and Denmark have contributed the majority of the volumes going 
into the PSA stocks over the past few weeks.  Butteroil prices moved 
slightly lower this reporting period.  Trading activity is light as 
buyers wait for a more clear picture of the market.  The market undertone 
is weak.

BUTTER/BUTTEROIL:                                                

82% BUTTERFAT:            3,175 - 3,525                          
99% BUTTERFAT:            3,825 - 4,300                          

0930c rick.whipp@ams.usda.gov 608.557.7004
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: http://www.marketnews.usda.gov/mnp/da-
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