MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  November 10, 2016 (REPORT 45)                      

WESTERN EUROPE                                                   
INFORMATION GATHERED  10/31/2016 - 11/11/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL:                                                

Butter prices are steady to slightly higher. The market 
undertone is mostly steady to firm. There are indication of 
tightness in local supplies of fresh packaged butter for store 
demand. Also, a good call for cream for holiday related demand 
is occurring. Cream supplies are tight and prices are high. 
Butter is being removed from PSA storage at expected levels. 
Butteroil prices are higher and nominal in limited reporting, 
reflecting changes to fat values. Trading activity is very light 
and untested.  

82% BUTTERFAT:            4,500 - 4,800                          
99% BUTTERFAT:            4,400 - 5,100                          


0930c Butch.Speth@ams.usda.gov 
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