Butter prices are showing some strength due to strong demand here at home and relatively tight stocks.
Forecasters say prices could come down a little bit going into next year. They say to expect lower Class II and Class IV prices by the end of 2022, which translates into a lower All-Milk price by $0.95 per cwt. Going into 2023, the All-Milk price is expected to drop to $22.50, down $1.65 per cwt. That’s down $2.70 per cwt. from 2021.
SCHOOL MILK WOES
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