MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  May 09, 2013 (REPORT 19)                           

WESTERN EUROPE                                                   
INFORMATION GATHERED  04/29/2013 - 05/10/2013                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL:  Butter prices are steady to trending lower off 
the top end of the range.  There are some pricing pressures in 
the world markets and local prices were being adjusted.  The 
market tone is steady to weaker.  Buyers are more cautious, 
often in a waiting pattern.  There is good demand for cream and 
butter into domestic markets.  Print butter interest is good.  
Higher retail prices are being noted in Europe.  Exports are 
being restricted because of the relative high market prices in 
the EU and the available, lower priced offerings from other 
regions.  Current production levels are seasonally active, 
picking up where milk and cream receipts are improving.  
Private Storage Assistance (PSA) butter intakes are running at 
about 57% of last year's level, totaling 34,500 MT from March 1 
to the first week of May. 

European butteroil prices did not change.  The market tone is 
quiet with little activity occurring on production and sales.  
World AMF pricing is tending to be lower than the butteroil 
levels out of Europe.   

82% BUTTERFAT:            4,900 - 5,300                          
99% BUTTERFAT:            5,500 - 6,100                          
                                                                 
0930c Butch Speth, Butch.Speth@ams.usda.gov 608.278.4152