# Record butter prices may push consumers to cheaper options and slow cheese production | CoBank | Cooperative. Connected. Committed.

> CoBank says retail butter prices are up 13% year to date, and CME butter is up 27.3%. Class IV milk is above Class III and has reached new record farm prices. Butter supplies are tight even though US butterfat production is at record levels.

- Date: 2022-06-09 · published 2022-06-09T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/40949-record-butter-prices-may-push-consumers-to-cheaper-options-and-slow-cheese
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Tight butter supply and record Class IV prices lift milk values for producers. High retail prices could push consumers toward substitutes and reduce demand for dairy.

## Read by commodity

- MILK: bullish ▲

## Sources

- cobank.com: https://www.cobank.com/knowledge-exchange/record-butter-prices-may-push-consumers-to-cheaper-options-and-slow-cheese-production

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