Weekly Butter Prices as reported by Hoard's Dairyman

July 3   next update
July 11

Weekly Butter average $2.4350

Weekly Butter Prices

July 3 -The Chicago Mercantile reports Grade AA Butter ends the week at $2.39. The weekly average was $2.4350. Support prices for butter start at $1.05. Butter prices are reported from the Chicago Mercantile Exchange every Friday. The Merc is considered a spot market for butter. Merc prices are important to dairy farmers because the value of the fat and fat differentials in raw milk are established from the prices quoted from the Exchange, and Merc prices are used in the BFP update.