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Report on US butterfat growth, citing CoBank research, says butterfat content has increased at twice the pace of protein over recent years. The protein-to-fat ratio fell from 0.82–0.84 to about 0.77, challenging cheesemakers who need a near-0.80 ratio.
The surplus of butterfat relative to protein depresses butter and cream values while cheese production efficiency suffers, weighing on US dairy product prices.
Not 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.