Spot Butter Prices Continue Decline as Global Butter Market Sees EU as Most Expensive
Source: DairyNews.today
Spot butter prices in the U.S. continued their downward trend, slipping to $2.86 per pound, down four cents, with eight loads trading. While U.S. butter prices soften, the European Union remains the most expensive market for butter, trading at $4.18 per pound. This contrasts sharply with prices in New Zealand and the U.S., both hovering at around $2.90 per pound.
Meanwhile, CME barrels dropped sharply, ending the day at $2.4275 per pound, down $0.1175, while spot blocks saw a smaller decline, down 1.5 cents to $2.1750 per pound. No volume was traded for either commodity.
Despite the drop in spot butter, Class III futures surged, with fourth-quarter contracts rising to $22.60 per hundredweight, up 15 cents. However, Class IV futures dropped by 24 cents to $21.76 per hundredweight. Butter futures also declined in line with spot prices, settling at $2.8920 per pound.
Globally, the U.S. continues to hold the highest prices for milk powders at $1.38 per pound, compared to $1.24 in New Zealand and $1.32 in the EU, highlighting ongoing price disparities across key dairy products.
Key News of the Week
17.04.2025
Belarus Doubles Milk Production in 20 Years
17.04.2025
Will Tariffs Have an Impact on Dairy Demand?
