In the News • November 2024

Butter Demand Is Stable Despite High Prices

A Magazine Article Written by Terrain

Ben Laine
1 min read

“The headline consumer price index (CPI) continues to coast back toward the target inflation range of 2%, but consumers are experiencing stronger inflation in their butter prices heading into the holiday season. And so far, they have shown a willingness to pay for it,” wrote Ben Laine, Terrain senior dairy analyst, in an article published in the November 11, 2024, issue of Hoard’s Dairyman Intel.

He continued, “Despite the butter CPI being up an average of 5.6% YOY from April to September, domestic butter demand was up nearly 8% from April to August. This is a good sign for what consumers will do in 2025 to support butter prices, given that 2025 could be another year of pricey butter and strong milkfat values for farmers.”

Read the rest of the article on the Hoard’s website.

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