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Harpy Eagle
Guest
Butter prices have rocketed in recent months, trading at record highs across Europe in bad news for bakers and pastry makers as they prepare for Christmas celebrations and already face high chocolate and sugar costs.
Strong demand for butter, tight stocks and dairy processors' preference to use more milk for the most profitable products such as cheese have driven the price surge, analysts say.
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The U.S. Department of Agriculture this month raised its forecast for 2024 U.S. butter prices to $3 per pound, up 15% from last year, due partly to fewer cows and less milk produced by each animal.
"Tighter milk supplies and firm demand are expected to carry the higher price outlook into 2025," USDA said.
Looks like it is time to stock up on butter. If you buy the good stuff you can freeze it for up to 4 months.