EXPECT ESCALATING BUTTER PRICES

摘要

After months of dormancy in the CME spot butter market, we have recently seen a surge in both interest and price. Since the end of February, the spot butter price at the Chicago Mercantile Exchange has risen 14 cents per pound - from $1.21 to $1.35 - and has found good support at the $1.30 level. Meanwhile, butter stocks are reportedly high - well above five year averages. So, what's the current butter picture and why are prices rising?