Report 5 – Released on February 04, 2021

The price range for Western European butter firmed. Butteroil’s price range contracted withmixed price movement. Contracting has been described as brisk. Many market buyers andsellers expect pricing to continue an upward trend for some months. This is leading to moreinterest in closing deals. Fewer numbers of buyers see any good price outcome to waiting.The stronger buying pace comes from export customers as well as within the EU. Significantlyhigher butter prices in Oceania are leading to some buyers who usually source from Oceanialooking toward Western Europe. The potential increased buying demand is among the factorsthat many market participants expect will push Western European butter prices higher.

Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,025 - 4,300


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          4,725 - 4,900


     Information for the period January 25 -  February 5, 2021, 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