MD_DA104

     Butter/Butteroil - Europe

     Report 49 - Released on December 08, 2022

     European butter prices are trending lower. Industry contacts suggest that although retail
     packaged butter demand is strong ahead of the winter holidays, retailers are buying only
     enough to get through the end of the year. Some contacts say there is enough butter in
     inventory to cover near term needs, and butter brokers want to keep only essential butter
     supplies on the end of the year books. Block butter demand is weakening, and purchasers are
     in no rush to make buys before the end of the year. Cream prices are trending lower. As a
     result, butter makers are running the churns a little more. European butteroil prices are
     mixed with an expanding price range. While nominal prices within Europe are generally
     trending lower, the strengthening of the Euro has moved some prices higher at the top of the
     price range.



     Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          5,725 - 7,050


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          7,825 - 9,175


     Information for the period November 28 -  December 9, 2022, issued biweekly
     Published by:
     Dairy Market News - Madison, WI
     MIKE BANDLI, (608)422-8592
     Email: mike.bandli@usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: https://www.ams.usda.gov/market-news/dairy
     DMN MARS (My Market News): https://mymarketnews.ams.usda.gov