Report 23 – Released on June 10, 2021

The Western European butter price range pulled back. France recorded the highest butter prices. Some customers for butter produced in France have strong sourcing preferences. Butteroil prices are mixed, up at the low end of the price range but down at the top.

Some butter buyers feel that production in recent weeks is ahead of current demand. That has emboldened those buyers to bargain harder and feel okay to slow down the pace of purchasing. Nevertheless, packaged butter demand is active in Western Europe. Bulk butter demand is also increasing. Those demand factors are tempered by production volumes.

   Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,875 - 5,525


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          5,325 - 6,450

Information for the period May 31 – June 11, 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