On-the-Ground Updates

USDA announcement increases dairy futures

Cow Milk Butter
Cow Milk
United States
Market & Price Trends
Rajjun Sahota
Published Dec 7, 2020
Fluid milk and butter futures increased upon the USDA's announcement to purchase both products. The USDA has committed to purchasing $60 million of fresh fluid milk and $50 million of butter in an effort to encourage domestic consumption of the products and support the industry. CME January milk prices increased by $0.41 to $16.13/cwt.

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