Weekly Butter Prices as reported by Hoard's Dairyman

October 17   next update
October 24

Weekly Butter average $2.3020

Weekly Butter Prices

October 17 -The Chicago Mercantile reports Grade AA Butter ends the week at $2. The weekly average was $2.3020. 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.