Report 33 – Released on August 13, 2020

Butter prices in Western Europe are higher. Some prices in German are the highest, followed by prices in France, Netherlands and Italy. Butter oil prices are mixed. Increasing prices for spot cream are a factor causing butter pricing to firm. Another factor is increasing demand for packaged butter in some regions.

Bulk butter demand has been steady, but this week is beginning to become slower as buyers focus on higher prices. Some brokers are moving butter with a lower cost basis than currently manufactured bulk butter.

Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          3,925 - 4,250


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          4,800 - 4,950


     Information for the period August 3 - 14, 2020, 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