# August market report: Butter might be the bright spot—again - Jacoby

> Cream and butter are in short supply in Europe after a prolonged heat wave and a poor season. Cream multiples in early August were stronger than in recent years. The author expects demand to stay strong for several weeks.

- Date: 2018-08-31 · published 2018-08-31T12:00:00.000Z
- Category: weather · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/4768-august-market-report-butter-might-be-the-bright-spot-again-jacoby
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A European butterfat shortage tightens global dairy supply and supports butter and cream prices. This tends to lift US milk values through export demand, while the heat-driven shortfall may also affect feed availability in Europe.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2026-07-22 | [Hot Weather Gives Cheese Markets a Boost as Milk Supplies Tighten - Dairy Herd](https://feedsoft.ai/events/18528-hot-weather-gives-cheese-markets-a-boost-as-milk-supplies-tighten-dairy-herd.md) | +0.2% | +5.0% |
| MILK | 2024-07-27 | [Dairy Market Mania: How Heatwaves, Bird Flu, and Heifer Shortages are Shaking Up Milk Production and Prices \| The Bullvine](https://feedsoft.ai/events/6829-dairy-market-mania-how-heatwaves-bird-flu-and-heifer-shortages-are-shaking-up.md) | +2.4% | +4.2% |
| MILK | 2017-07-06 | [Food Prices Near 2-Year High Thanks to a Record Surge in Butter and Wheat - Bloomberg](https://feedsoft.ai/events/6181-food-prices-near-2-year-high-thanks-to-a-record-surge-in-butter-and-wheat.md) | -0.3% | +5.2% |
| MILK | 2022-09-25 | [Global dairy deficit to buoy milk markets](https://feedsoft.ai/events/9912-global-dairy-deficit-to-buoy-milk-markets.md) | -0.1% | +9.8% |
| MILK | 2019-01-03 | [Tight margins, weather slow global milk production \| Capital Press](https://feedsoft.ai/events/7674-tight-margins-weather-slow-global-milk-production-capital-press.md) | +1.7% | +1.5% |

## Sources

- jacoby.com: https://www.jacoby.com/market-report/august-market-report-butter-might-bright-spot/

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