Butter (CME) Prices

15-04-2026 - Over the past month, the price of butter as a raw material has seen a significant increase, climbing from $163.25/t to $182.85/t. This rise suggests a notable escalation in prices, likely due to shifts in market dynamics, such as increased demand or supply constraints. The forecast anticipates further growth, predicting butter prices to reach $200.19/t, a 9.5% increase from the current $182.85/t. This upward trend, however, comes with the risk of potential volatility in raw material costs, affecting cost predictability.

The current forecast indicates upward pressure on raw material prices, driven by global economic demand, with a $14.44/t impact. This is partially offset by downward pressure from exchange rate fluctuations, which have a -$3.89/t impact. Despite this forecast, recent analyses suggest a potential decline in CME butter prices over the next month, contrasting with the predicted increase to $200.19/t. Trading Economics reports an 11.75% drop in butter prices over the past month, with projections to trade at 4,175.49 EUR/T by the end of the quarter, indicating a downward trend. Additionally, the USDA has revised its 2026 butter price forecast down to $2.2450 per pound, a decrease of 30.5 cents from previous estimates, due to increased milk production and higher cow inventories. These external analyses present a differing perspective from the forecast's upward price prediction.