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Global Dairy Trade auction 404 rose 0.6%, the first gain after two declines, with a weighted average price of $4,198 per metric ton. US butter prices remain well below their 2021-2025 average as record butterfat production from a higher fat test has filled churns.
Abundant domestic butterfat weighs on US dairy prices even as global markets firm, leaving mixed signals for milk returns and dairy feed demand.
blogs.extension.iastate.eduMay 19, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
