MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  August 20, 2015 (REPORT 33)                        

WESTERN EUROPE                                                   
INFORMATION GATHERED  08/10/2015 - 08/21/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE 

Butter prices moved down. Europe is trying to increase export demand 
through pricing level changes. Domestically, production is slowing. 
As the summer holiday season comes to an end, demand has declined. 
Most Q4 contracts are settled and Q1 2016 negotiations have begun. 

PSA Butter stock levels on August 9 were 84,067 MT. The top three 
countries, Germany, France and the Netherlands accounted for 84% of 
the holdings.  
                                                  
                                                                 
BUTTER/BUTTEROIL:                                                

82% BUTTERFAT:            2,650 - 2,950                          
99% BUTTERFAT:            3,200 - 3,575                          



0930c Tara.Herbst@ams.usda.gov 608.557.7007
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy
Dairy Market News database portal: 
http://www.marketnews.usda.gov/mnp/da-home