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US butterfat prices hit a record of $3.24/lb in early September 2022 even as milk prices eased from summer peaks. Average bulk tank fat test reached 4.25% in January, up 0.13 points from the prior year.
Advisers recommended feed-ration and DHI-record strategies to raise milk fat output.
Record butterfat values support farm income even as headline milk prices soften. The butter strength is a relative bright spot in dairy markets rather than a major new supply or demand shock.
en.edairynews.comDesirée JuarezSep 21, 2022Not 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.
