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The average price of grade AA butter reached $2.02 per pound for the week ending December 11, 2021, up 40% year over year, and the USDA weekly average rose to $2.66 for the week ending January 7. Declining cow herds, labor shortages and higher packaging costs are constraining butter supply.
Limited butter supply and rising prices reflect tight dairy fundamentals, supporting milk values and signalling continued strength in dairy-derived commodities.
fooddive.comChris CaseyJan 10, 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.
