MD_DA104

     Butter/Butteroil - Europe

     Report 45 - Released on November 10, 2022

     The price ranges for both European butter and butteroil expanded. While market tones are
     trending weaker, and most reported sales are at lower prices, a few sales are supporting the
     top ends of the ranges ahead of the winter holiday season. Industry sources say retail
     packaged butter demand is strong. That said, contacts suggest that the high retail prices
     are weighing down the consumption of butter. Demand for block butter is trending lower due
     to high prices and uncertainties within the market. Butter production is mixed, and
     inventories are stable. In some regions, higher cream prices have slowed churns, and
     manufacturers are opting to move cream into other product uses.



     Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          5,925 - 7,175


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          8,325 - 9,100


     Information for the period October 31 -  November 11, 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