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US dairy producers raised butterfat content in milk by 82 million pounds in Q1 2025, 3.4% above the same quarter of 2024. Butter production through March reached nearly 650 million pounds, up 5% year over year.
Cream multiples are starting to rise as ice cream season begins.
Higher butterfat output and strong butter production add supply to dairy products, pressuring milk prices unless exports absorb the extra volume.
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.