MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  June 08, 2017 (REPORT 23)                          

WESTERN EUROPE                                                   
INFORMATION GATHERED  05/29/2017 - 06/09/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL:  

Butter prices in Europe firmed at the bottom of the price range, but are 
steady at the top. Butteroil prices are steady. Both are at the highest 
level of 2017 and butter prices in Germany are the highest in Europe. Block 
butter demand remains strong. Packaged butter demand is lower, which is 
attributed to normal seasonal factors following the European Ascension 
holiday and Pentecost, as well as lower export demand following the 
beginning of Ramadan. The Dairy Market News international monthly average 
price in dollars/metric ton for European butter prices in May, 2017, 
$5,423, compares with $2,732 one year earlier.                                           

82% BUTTERFAT:            5,900 - 6,175                          
99% BUTTERFAT:            5,325 - 6,225                          

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-
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