Report 19 – Released on May 13, 2021

The Western European butter price range is higher at each end. Butteroil prices increased atthe low end of the price range but declined at the top. The top of the butter range reacheda 2021 high. The bottom of the butteroil price range reached a 2021 high. Prices were up inmost primary butter producing countries such as Germany and France. Most butter plants arenow paying more for cream.

Internal Western European demand for packaged butter is higher according to manufacturers.Partly this is seasonal, related to holidays, as well as factors such as the beginning ofasparagus season. Export customers are increasingly seeking to close deals. Oceania is lessand less an option for sourcing. That relates to price as well as declining butter suppliesthere.Block butter contracting for Q4 is slower than for packaged butter.

Block butter buyers andsellers continue to diverge as to price expectations. With the luxury of time ahead, eachside can indulge their expectations more firmly for now.

     Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,725 - 5,200


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          5,025 - 6,150

Information for the period May 3 – 14, 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