Report 37 – Released on September 16, 2021

European butter prices are firming. Industry sources say packaged butter orders areincreasing because of summer holidays ending and favorable consumer prices in retailmarkets. Block butter manufacturers are also moving prices higher to cover the increasedcost of cream supplies. Cream availability has diminished along with seasonal milk outputdeclines, and, as a result, cream prices have increased. Butter production and supplies aremore limited, but some buyers have yet to commit to making purchases beyond immediate needs.The price range for European butteroil has expanded.

     Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,750 - 4,975


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          5,600 - 6,075

Information for the period September 6 – 17, 2021, 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