MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  January 05, 2017 (REPORT 1)                        

WESTERN EUROPE                                                   
INFORMATION GATHERED  12/26/2016 - 01/06/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL:     

Western European butter and butteroil prices are lower at each 
end of the price range. Manufacturers in Western Germany observe 
that demand for packaged butter has been lower since Christmas 
week. The same is true for block butter. Contracting has been 
slow because both sellers and buyers are still evaluating 
expected milk availability in coming months. EU butter 
production January-October 2016 is up 4.4% from the same period 
of 2015, according to Eucolait. However, October is the fourth 
consecutive month of 2016 during which monthly butter production 
was lower than the same month of 2015. 

82% BUTTERFAT:            4,550 - 4,650                          
99% BUTTERFAT:            4,300 - 5,275   

0930c eric.graf@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