Global Demand Pushes Cheese and Butter Prices to New Highs
Higher Dairy Prices 030322
Strong global demand for dairy continues to push cheese and butter prices to fresh highs. Just this week, cheddar settled nearly 11% higher at an all-time-high average price of $2.96 per lb. Butter set a new five-year high at $3.12 per lb., converted back to U.S. 80% butterfat content. Whole milk powder also climbed to new five-year highs.