High Demand for Butter

Start off June with a fresh Market News report! For updates on the produce industry, continue reading: 

BUTTER: The CME butter price continued to firm. I have been ascribing the strength to demand, but I’m starting to think production is part of the issue. Buttermilk powder prices have been trending higher even as we saw significant drops in NFDM prices, which might suggest weak butter production. EU butter prices have bounced higher and are well above the U.S. (and Oceania) at $3.57 ($7,860).

EGGS: Wholesale prices for cartoned shell eggs steadied and held through the week as supplies declined to mixed levels for continued light to moderate demand. Offerings continue to be in a range of light to moderate and trading picked up to a slow to moderate pace. Wholesale prices for graded loose eggs weakened but held largely steady on increased interest and light to moderate offerings. 


Click HERE for the full report.

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