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Butterfat and protein content in US milk are at record highs, with butterfat reaching 4.11% in 2023. Butterfat was the leading component in milk revenue, accounting for 58% of milk check value in 2023.
Rising milk component levels mean more output per pound of milk, which can ease supply tightness and reshape dairy pricing, a background factor for dairy feed demand.
farmprogress.comFran O'LearyJun 17, 2024Not 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.
