A dairy economist says he doesn’t expect much of a surge for butter exports before the end of the year even with U.S. prices below the global market.
Nate Donnay with StoneX says the latest Global Dairy Trade auction results pushed New Zealand butter prices closer to that of the European Union, both of which are at a premium to the U.S.
“We should see better exports, it just doesn’t look like the exports are going to be strong enough to really turn the dial on the butter market from bearish to bullish.
