Report 49 – Released on December 09, 2021

The butter price range in Western Europe is mixed. Upper prices firmed, reflecting premiumprices for valued butter from certain manufacturers. Last minute end of year retail demandalso boosted the top prices. Finally, some manufacturers have not been able to keep up withcontracted orders. This left some buyers (or a few manufacturers) scrambling to findadditional butter to fill retail demand. There was some softness at the low end of pricesfor less unique or sought-after butter.Bulk butter markets are focused on Q1 2022 contracting. Progress is slowed by differentprice expectations between buyers and sellers. Most Q4 2021 demand has been met.

     Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          5,875 - 6,250


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          5,850 - 7,975

Information for the period November 29 – December 10, 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