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US butter demand has held up through the pandemic as retail purchases of high-fat dairy rose, but foodservice losses continue to weigh. Record butterfat tests in late 2020 produced heavy butter inventories and abundant cream supply.
Heavy butter stocks and cream output keep US butter values low, pressuring milk prices and the dairy income that supports dairy demand.
dairyherd.comFran HowardJan 11, 2021Not 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.
