What is Going on with Butter Prices?
Retail and wholesale butter prices are very important to everyone in the U.S. In 2022 milk producers received healthy checks for their butterfat. Now the price is falling. Consumers are paying dearly for their butter purchases. They are paying very high retail prices for butter and as a result they appear to be buying less.
The most recent butter prices for retail purchasing as determined by the Bureau of labor Statistics is shown in Chart I below. In January 2023 retail butter prices hit another record high at $4.88 per pound.
February 19, 2023