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Dairy Herd reports that US butterfat and protein levels hit record highs, averaging 4.23% and 3.29% in 2024. Over 80% of US milk goes to manufactured products that depend on components, and more than $8 billion in new processing capacity is expected by 2027.
Rising component output supports demand for manufactured dairy, but growing supply of butterfat and protein can keep component prices under pressure.
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.