MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  August 18, 2016 (REPORT 33)                        

WESTERN EUROPE                                                   
INFORMATION GATHERED  08/08/2016 - 08/19/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE   

Butter prices in Western Europe are stronger. Firming is 
expected to continue, at least in the near term. Current demand 
for new bulk butter transactions is quiet. Supplies available 
for new sales are limited. Much current production has been 
previously contracted. Sellers are inflexible in pricing. Longer 
term, both sellers and buyers are holding back from commitments. 
There is uncertainty as to supplies and pricing near the end of 
2016, which has both manufacturers and buyers seeking to better 
assess what they expect ahead before committing. Packaged butter 
is currently available in normal seasonal volumes and demand is 
considered normal. Currently cheese is regarded as a more 
profitable use of milk than butter.
                                                                                                                
BUTTER/BUTTEROIL:                                                

82% BUTTERFAT:            3,800 - 3,975                          
99% BUTTERFAT:            4,000 - 4,350        

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