European Dairy Market Summary

MADISON - Sep 17/15 - 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 is still above year ago levels. As the quota system
expired, many farmers expanded herd sizes. The increase in production
has led to historic lows in farmgate pricing. The low farm level
prices have many farmers protesting, but have no plans to slow down
production. Trying to aid farmers, intervention volumes allowed have
increased as well as the closed date has been extended. Farm level
milk prices are still expected to go lower. The wet weather recently
has not affected production or cow comfort.
EASTERN OVERVIEW:
The hot weather has been affecting milk production lately, but is
still in line with year ago levels. The lower milk prices have some
farmers in unrest. Higher pricing for commodities has some hopeful
that farm levels prices will also increase. Milk supplies are adequate
for processors. Demand is increasing and is bringing up dairy product
pricing.
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