October - 2022

Grocers are still worried about empty shelves and willing to pay whatever it takes to get their hands on more butter. But in just a few weeks they will be done stocking up for the holiday baking season, and prices are expected to plummet.

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September - 2022

Barrels eligible for delivery to Chicago are in short supply. Fresh Cheddar may be tight, but there is plenty of cheese in storage. Cheese production may fall short of potential, but output will still be ample.

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September - 2022

U.S. milk output grew decisively last month in comparison to the very low production reported in August 2021. It’s likely that today’s milk-cow herd is already slightly larger than it was in September 2021. Milk production climbed in every region of the country except the Great Lakes states.

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September - 2022

On Tuesday CME spot butter jumped 7ȼ to $3.24 per pound, a lofty price for a market that was $1.79 a year ago. After a brief stay at the peak, butter journeyed back downhill, but not before it logged the four highest trading sessions in history.

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September - 2022

The butter market leapt to an all-time high Wednesday and just kept climbing, but lofty values didn’t scare away buyers. The last time that butter prices were even close to this high, the selloff was swift.

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September - 2022

The bulls remain in charge in the butter pit. Grocers are anxious about stocking their shelves with enough product to last through the holiday baking season, and USDA’s recent reports have not calmed their fears.

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