Butter Market News
Explore the latest butter production news from Dairy Herd Management. Covering butter export trends, CME price shifts, processing innovations, and dairy production strategies to help producers maximize milk component value. View the latest butter CME prices.
Green returned to milk markets Friday as we finish the week on a strong note in a highly volatile market.
Third quarter Class III futures dropped to $18.02 per hundredweight, a 14-cent loss.
Depooling, new cheese production capacity, lower component prices all take toll on income.
Another weak Class III performance was experienced on Monday following last week’s downturn in price.
There is great optimism that butter prices will be higher than cheese prices this year.
While the calendar flipped to 2024 weeks ago, there has been little change in dairy market sentiment since the beginning of this year. Globally, the industry continues to walk a tightrope of limited ‘new’ milk.
Recently, the USDA lowered its milk production forecast for 2024 due to lower expected output per cow, which is partly offset by higher cow inventories.
Milk markets continue to widen the Class IV/III spread as Class IV holds over $20 for 2024 calendar and Class III milk bounces around.
Futures values ended up rallying 40 cents in the February contract while March and April were up 50+ cents.
Butter drove the dairy markets higher Thursday with the CME spot trade gaining 11 cents to finish at $2.68 3/4.
Producers want to know: “Why is milk production remaining high even with lower milk prices and farms going out of business?”
The hope is that depressed milk prices will be short lived. However, without a significant increase in demand or tighter milk supply or both, low prices may be with us for a longer duration.
Just how low will milk prices go? Slower exports, weaker demand and global inflation have all been an anchor on the potential for higher dairy product prices. Will we finally start to see some relief in 2024?
Dairy markets continued their descent on Monday following another day of weak cheese performance on the CME spot dairy auction.
A growing population and an increase in consumer purchasing power in Mexico will support U.S. exports
CME product markets on Monday tilted to the negative side to kick off the week.
Price movement in butter over the past 2 1/2 months has been a sight to behold.
Launched in 2003, the Cooperatives Working Together (CWT) program is designed to promote the sale of U.S. dairy products to oversee customers and a program that NMPF says moves a billion lbs. of product annually.
Wednesday markets may lull us to sleep. After a strong couples in butter, we have treaded water the last few sessions at current level.
The holiday butter rally is underway, and it may even be a little early.
Shellshocked buyers push butter prices to new heights ahead of the holidays
Butter and springer prices caught the dairy industry by surprise in late September.
Programs projected to drive an additional 12 million pounds in sales.
Butter stocks shrank to 289 million pounds, down 40.3 million pounds from July.
Seasonal buying is taking place, but sellers continue to offer product on the spot market leaving buyers unaggressive.
Emma Kuball, a 19-year-old college student from Waterville, Minnesota, representing Rice County, was crowned the 70th Princess Kay of the Milky Way in an evening ceremony Aug. 23 at the Minnesota State Fairgrounds.
Butter had 49 loads trading hands on the CME spot trade. Here’s what that meant for dairy prices.
A few things you can count on if you make your way to Des Moines, Iowa for the Iowa State Fair—corn dogs, livestock shows and the iconic Iowa State Fair butter cow.
Class IV milk saw August fall 13 cents to $18.81/cwt, September fell 19 to $18.91, and October plummeted 39 cents to $18.95/cwt.
The sideways price range of butter has been able to hold Class IV prices and futures at a better level than Class III.