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CoBank economist Corey Geiger says U.S. farmers have produced more butterfat than the market needs after butterfat led milk checks for most of a 38-month period. Butterfat has now fallen behind protein as the leading milk component.
Surplus cream pushes down butter and butterfat prices, which weighs on milk checks and the Class III and IV price outlook.
farmprogress.comFran O'LearyNov 17, 2025Not 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.
