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CoBank reports that US butterfat and protein levels are rising at record pace due to genetic gains, with butterfat averaging 4.23% and protein 3.29% in 2024. The report notes over 80% of US milk goes into manufactured products that rely on these components.
It also cites $8 billion of new processing capacity coming online through 2027.
Rising component levels and new processing capacity increase demand for milk solids, supporting dairy processing volumes while milk output stays flat, a structural trend rather than a short-term price shock.
cobank.comCorey Geiger, Abbi GrovesApr 1, 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.
