DairyTalk 151: Butterfat’s Resurgence: Why Demand Boomed - and Prices Now Cool - by Helmut Demmelhuber

Butterfat has dominated dairy economics for a decade, driven by
shifting consumer preferences and aggressive industry response
through genetics and ration improvements. But by late 2025, the
market is cooling: high butter inventories, weaker exports, and
full cheese stocks are pushing both butter and Class III milk
prices downward. After years of explosive fat-led growth, the
sector is entering a stabilization phase - a reset that forces
producers to rethink expectations, margins, and risk management.
With comments on a "Hoard´s Dairyman"-article (November 2025) by
Mike North: https://hoards.com