MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  July 07, 2016 (REPORT 27)                          

WESTERN EUROPE                                                   
INFORMATION GATHERED  06/27/2016 - 07/08/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE    

Butter prices in the EU strengthened this week. 
Butteroil prices firmed at the low end of the price 
range but declined at the top as the range narrowed. 
The magnitude of higher butter prices was very 
favorably commented upon by varied EU dairy industry 
participants, as higher than previously expected. 
Packaged butter sold in the EU has trended upward in 
price in recent weeks. Retailers needing current 
deliveries pay a premium to manufacturers. Demand for 
retail butter is normal. Export demand is quiet for 
butteroil and butter. Butter production in the EU 
January-April this year is up 10.9% from the same 
period last year, according to Eucolait. 

BUTTER/BUTTEROIL:                                                

82% BUTTERFAT:            2,900 - 3,375                          
99% BUTTERFAT:            3,750 - 3,900                          


0930c Eric.Graf@ams.usda.gov 608.557.7005
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