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CoBank analysis says retail butter prices are rising faster than nearly all other consumer goods, with CME butter up 27.3% year to date. Class IV milk has moved above Class III and set record farm prices.
The May CPI showed dairy prices up 2.9% month on month, the largest monthly gain since 2007.
Butter shortages and high Class IV values are pushing up milk prices, but high retail costs may shift consumers to cheaper substitutes. That could eventually cut demand for dairy products.
en.edairynews.comDamián MoraisJun 22, 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.
