U.S. Loses Global Competitiveness on Butter

ZISK
22 hours ago
1 min read

This holiday season has been anything but typical when it comes to butter, a time of year when prices tend to spike. However, this year, CME spot butter prices reached their annual high in July, then dropped precipitously between August and November, putting in a bottom of $1.43/lb. on November 25, then leveled out in the mid-$1.40s, before taking another step lower on December 19.

“Throughout 2025, U.S. butter has been the lowest-priced product among global dairy exporters, and as a result, the United States has seen an uptick in international butter sales. In fact, the United States moved from being a net importer of butterfat in 2024 to being a net exporter by 41.8 million pounds through September 2025,” said Betty Berning, market analyst with the Daily Dairy Report. “However, international butter markets have been eroding of late, and the U.S. price advantage is shrinking.”

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