According to data from the United States Department of Agriculture, the amount of butter sitting in US storage facilities in August fell 10% month-over-month. However, it was down 22% compared to the same time a year ago. For example, there was over 282 million pounds of butter in warehouses last month, down from over 362 million pounds in August 2021, according to data compiled by the USDA. The Agriculture Marketing Service’s recent Dairy Market News report shows supplies are tight around the nation. In the report, officials say demand is outpacing supplies in the West, where producers are running reduced production schedules. Meanwhile, butter makers in the Midwest say “spot loads of cream are very tight to unavailable” and “in the Northeast, retail butter demand is picking up, but tight inventories are causing some producers to regulate supplies across existing orders,” according to the report.
Link: New York Post
Photo: Getty Images