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Butter Is On A Tear This Week
Manage episode 378344993 series 3011013
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Through Thursday's close butter is up 34 and I expect Friday will have continued increase. The cheese markets are doing the exact opposite, barrel is down 10 and block is down 7. What I see is tightness in cream availability, especially in the Midwest where most butter plants are located. I still don’t see this as a strong enough reason for butter to shoot up like this. When markets do this, it is often wise to sit back and evaluate instead of jumping in. Definitely worth watching.
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