7 Nov 2024
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Butter Continues to Trend Higher

Butter Continues to Trend Higher

Butter continues its trend higher, climbing 5.50 cents to $1.55/lb in the CME Cash Dairy Product Trade. Blocks gained 2.75 cents to $1.5375/lb.

Cash prices slip; butter climbing

High Class III prices depooling lead to negative PPDs

Cash dairy prices at the CME were mostly lower the second week of February. The Cheddar blocks jockeyed a bit but closed Friday at $1.5575 per pound, down 8.25 cents on the week and 26.25 cents below a year ago when they dropped 11 cents.

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