European Dairy Market Summary

MADISON - Oct 29/15 - SNS -- Dairy market conditions in western and eastern Europe were reviewed in the latest report on the sector released by the USDA today.

WESTERN AND EASTERN EUROPE
WESTERN OVERVIEW:
Milk production continues to decline, but is above year ago levels.
Milk supply is enough for current demand. Farm gate level prices are
starting to stabilize. Demand for dry dairy products is increasing and
expected to grow. Butter and skim milk powder are the first choice for
available milk. SMP going into the intervention program has slowed.
Unfavorable weather has resulted in reduced crop growth and quality.
EASTERN OVERVIEW:
Eastern Europe milk production is going up even with yearly milk
production expected to decrease from year ago levels. Prices for dairy
commodities are firming. Feed costs are expected to decrease. Cattle
inventory levels are expected to maintain current levels as export
prices for calves have decreased along with farmgate level milk
pricing. Beef production is expected to increase due to higher
slaughter rates.
0930c Tara.Hebrst@ams.usda.gov 608.557.7007
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy
Dairy Market News database portal:
http://www.marketnews.usda.gov/mnp/da-home

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STAT News Service