# Washington Dairygrams: November 2023

> Butterfat prices reached a record high in October, with the FMMO butterfat price at $3.7144 per pound and CME butter averaging a record $3.3814. Dairy exports for the first nine months of 2023 were 7.5% lower than a year earlier, though exports to Mexico rose.

- Date: 2023-11-14 · published 2023-11-14T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/33181-washington-dairygrams-november-2023
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Record butterfat prices and weaker export volumes point to firm domestic dairy prices, with limited export pull for dairy commodities and feed demand.

## Read by commodity

- MILK: bullish ▲

## Sources

- hoards.com: https://hoards.com/article-34407-Washington-Dairygrams-November-2023.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.