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Article: Butter prices near record highs amid confusing signals.(Statistical Data Included)
- Article from:
- Feedstuffs
- Article date:
- September 10, 2001
- Author:
CopyrightCOPYRIGHT 2001 Miller Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Wholesale butter prices are currently $1/lb. higher than normal. Some industry insiders think these prices could reach near-record high levels by the fall. However, a traditional economic review indicates that butter prices are currently higher than market supply and demand conditions justify.
High butter prices are helping to improve cash flow for dairy farmers that are still recovering economically from low milk prices in 2000. High butter prices have also adversely affected the bottom line for dairy processors that compete with butter creameries for milk in order to make high-fat dairy products such as ice cream, cream cheese and hard cheeses. Also adversely ...