MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  May 23, 2013 (REPORT 21)                           

WESTERN EUROPE                                                   
INFORMATION GATHERED  05/13/2013 - 05/24/2013                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL:  European butter prices are mostly steady to 
trending slightly lower at the top end of the range.  Relative 
pricing points have stifled buying interest to some extent.  
There is a good demand for butter from locals account, yet a 
steady, but light steam moving into export channels.  Packaged 
butter demand has been good for domestic business.  Private 
Storage Assistance (PSA) butter intakes through May 12 total 
nearly 38,000 MT.  The volumes are running about half the levels 
of a year ago.  The current pricing levels and fair to good 
sales are reasons for the trend.  Butter production is 
seasonally active and building where more cream is moving to 
butter facilities.   

European butteroil prices are slightly lower on the top end of 
the reported range.  Trading is light with the high prices 
keeping interest away and focused on other products and regions 
for supplies.                           

82% BUTTERFAT:            4,900 - 5,275                          
99% BUTTERFAT:            5,500 - 6,000                          
                                                                 
0930c Butch Speth, Butch.Speth@ams.usda.gov 608.278.4152