The Agriculture Department raised its milk production forecast for 2023 but left the 2024 estimate unchanged in the latest World Agriculture Supply and Demand Estimates report, based on “slightly more
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CME butter, fueled by the August Cold Storage data, rocketed to a record high $3.3350 per pound last Thursday — and then leap-frogged to hit another record high of $3.42
Americans chewed down July butter and cheese inventories. The Agriculture Department’s latest Cold Storage report shows butter holdings on July 31 at 331.6 million pounds, down a bullish 18.2 million