Report 49 – Released on December 05,

Western Europe butter prices are slightly lower. Butter oil prices are lower. Butter demand from EU customers is good and is expected to increase as the end of the December holiday season approaches. However, manufacturers are readily supplementing current butter production with cold storage stocks to meet current demand. This overrides the factor of competition for cream from other dairy products.

A helpful factor to supplying butter demand is that milk production is up slightly from the seasonal low point. Strong and steady end of year demand is normal and butter markets are performing as expected. Export orders are being filled in a timely way. Internal European first quarter 2020 orders are being finalized. This is also true for some export orders.

 Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          3,900 - 4,075


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          4,350 - 4,800


     Information for the period November 25 -  December 6, 2019, issued biweekly
     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: Eric.Graf@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