Report 41 – Released on October 14, 2021

European butter prices are significantly higher this week. Industry sources suggest packagedbutter demand is at typical seasonal levels, while bulk butter demand has ratcheted higher.Some industry sources say a few end users were short and had to make purchases. Buyers areeager to ensure coverage through the end of the year and are pursuing available supplies.However, butter inventories are tight. Low farm milk output levels and low component levelshave limited butter production. Cream prices have risen, and manufacturers have somemisgivings regarding the continued availability of affordable cream through the new fewmonths. Butter makers are quoting future business at higher prices. Prices for butteroil aremixed, moving lower at the bottom of the range and upwards at the top of the range. Pricessettled slightly lower in week 40 but jumped higher in week 41.

     Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          5,000 - 5,550


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          5,550 - 6,300

Information for the period October 4 – 15, 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