WHY IS BUTTER RACING TO RECORD HIGHS???!!!
YES, I KNOW IT'S ASSOCIATION TO MILK, BUT... MILK IS ACTING "NORMAL"
BUTTER IS ON A REAL TEAR ~ BUTTER SINCE 2005 HISTORICAL PRICES FROM 2005 ONWARD & UPWARD
Thanks much, Jean!
From your post:
https://www.barchart.com/futures/quotes/BDV23/interactive-chart
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https://www.dairyherd.com/markets/milk-prices/holiday-rally-sends-butter-prices-unexplored-highs
“Recent data helps to explain why current butter markets are so tight,” Berning said. “Current market conditions also suggest that buyers are short on butter as the holidays near and are filling orders last minute, but once those needs are filled, butter prices could drop as quickly as they rose.”
THANKS, MIKE. I'D READ THAT ARTICLE & CHECKED THE CHART ON HOLIDAY TIMES. IT DOESN'T ALWAYS GO DOWN AROUND, OR AFTER THE HOLIDAYS. I'LL SAY THIS YEAR IT WON'T BY MUCH, OR FOR LONG. PEOPLE WILL BUY BUTTER, NO MATTER WHAT. THERE IS NO GOOD SUBSTITUTION FOR IT.
BTW... DID YOU KNOW BUTTER LASTS LONGER IN THE REFRIGERATOR, RATHER THAN A FREEZER? MOST PEOPLE DON'T KNOW THAT.