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US butter prices have traded in a sideways range between $2.2675 and $2.4650 per pound since December 2022, with supply readily available for demand. Butter exports have been strong earlier but international demand has slowed.
The article notes Class IV prices have held up better than Class III.
A stable butter market keeps Class IV milk prices supported, while slower export demand limits upside and keeps dairy-linked feed demand steady.
dairyherd.comJun 16, 2023Not 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.
