MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  October 15, 2015 (REPORT 41)                       

WESTERN EUROPE                                                   
INFORMATION GATHERED  10/05/2015 - 10/16/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL:                                                

Prices for butter/butteroil are up. Cream supplies are low and are at 
higher pricing levels. Butter production is decreasing. Some sources 
report available milk is going into SMP and butter manufacturing, rather 
than other dairy commodities. Export and domestic demand are strong. 
Manufacturers report being comfortable with stock levels. Contracts for 
Q1 2016 are being negotiated. PSA butter stock levels on October 4 were 
93,363 MT. The top three countries, the Netherlands, Ireland and 
Germany, accounted for almost 72% of the holdings. 


                  

82% BUTTERFAT:            2,800 - 3,400                          
99% BUTTERFAT:            3,375 - 4,100                          



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