Report 27 – Released on July 08, 2021

The Western European butter price range sagged. Butteroil prices moved higher at the low endof the price range but are steady at the top.

Butter prices in many countries trended lower each week during the two weeks of thereporting period. French prices held up the high end of the price range. Some French buttermanufacturers continue to be able to achieve price premiums from certain buyers. Butterpricing trended down through Belgium, Germany, and Netherlands.

There has been discussion suggesting that going forward, some of the anticipated higher2021 milk production will head into butter/SMP. That expectation is said to have reducedbuyer willingness to pay the prices of recent weeks. Butter sales have slowed as consumersleave for holidays. Many buyers are well stocked. Wait and see is how many buyers now roll. Export interest is also steady, with limited new inquiries.

Looking ahead, the slower nature of the butter markets is expected to continue, at leastthrough July. Most sellers and buyers seem okay with that.

     Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,475 - 4,975


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          5,325 - 6,400


     Information for the period June 28 -  July 9, 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