Wednesday, April 21, 2010

Butter Price

Butter, on the CME stayed at $1.57 per pound. Seems like good news until you realize world butter price, adjusted to 80% butterfat, is about $1.77 per pound.

With those numbers, no one should be surprised we exported in January and February of this year 41.1% more butter than the same first two months of 2009.

2 comments:

  1. Are there shipment costs to get US butter to the world market cash delivery location?

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  2. Don't be surprised if it is turned into butteroil or anhydrous milkfat and back here as fast as they can turn the ship around.

    Rusty

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