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Butter, US

US Butter is one of the main benchmarks in the international dairy market. The combined analysis ofprices, production, inventories, and exports provides valuable insights into supply and demand dynamics and helps explain the factors influencing price developments.

On this page, you can monitor the US Butter market through CME (Chicago Mercantile Exchange),Grade AA Butter quotations,
together with production, inventory, and export data, analyzed both on a monthly basis and as rolling 12-month totals.

The analysis includes historical series, interactive charts, and comparisons with the main international butter markets, allowing users to evaluate price trends and market dynamics. The charts below show the historical relationship between US Butter prices and stocks, the comparative evolution of Butter prices in the US, Germany, and Oceania, and the historical relationship between US Skim Milk Powder (SMP) and Butter prices.

US, Chicago
Weekly prices of Butter
Butter, Grade AA
US $ per lb US $ per ton ± on prev. price € per ton ± on prev. price
Friday 31 Jul 2026
1,5150 3.340 +0,50% 2.910 -0,24%
Friday 24 Jul 2026
1,5075 3.323 -5,19% 2.917 -4,56%
Friday 17 Jul 2026
1,5900 3.505 -3,64% 3.057 -3,91%
Friday 10 Jul 2026
1,6500 3.638 +0,76% 3.181 +0,45%
Friday 3 Jul 2026
1,6375 3.610 -0,76% 3.167 -1,25%
Friday 26 Jun 2026
1,6500 3.638 +6,11% 3.207 +7,22%
Friday 19 Jun 2026
1,5550 3.428 -6,75% 2.991 -6,13%
Friday 12 Jun 2026
1,6675 3.676 -1,48% 3.186 -0,60%
Friday 5 Jun 2026
1,6925 3.731 +1,50% 3.206 +1,30%
Friday 29 May 2026
1,6675 3.676 +8,63% 3.165 +8,46%
Source: CME (Grade AA)
Informative note
NOTE: The conversion US $ / € for each quotation is calculated using the exchange rate of the previous day.

USD

US
Price
of Butter

Rolling year
Source: CME
Processed: CLAL

US
Production
of Butter

Rolling year
Source: USDA
Processed: CLAL

US
Stock
of Butter

Rolling year
Source: USDA
Processed: CLAL

US
Export
of Butter

Rolling year
Source: Census Bureau
Processed: CLAL

Visit the pages:

$/ton US
Butter, Grade AA
OCEANIA
Butter, 82% Butterfat
GERMANY
Deutsche Markenbutter, lose
2018 2019 2020 2021 2022 2023 2024 2025 2026 % on prev. month % on 2025 2026 % on prev. month % on 2025 2026 % on prev. month % on 2025
January 4.766 4.956 4.193 2.971 6.031 5.182 5.758 5.576 3.168 -0,47% -43,18% 5.242 -3,27% -22,35% 4.915 -2,37% -36,06%
February 4.631 5.013 3.920 3.132 5.805 5.287 6.082 5.246 3.927 +23,96% -25,14% 5.913 +12,80% -18,94% 5.068 +3,11% -31,87%
March 4.859 5.007 3.809 3.773 6.016 5.212 6.187 5.129 4.124 +5,02% -19,59% 6.838 +15,64% -9,44% 5.288 +4,34% -34,32%
April 5.098 5.005 2.679 4.011 5.992 5.180 6.476 5.106 3.821 -7,35% -25,18% 6.431 -5,94% -14,61% 4.911 -7,13% -40,73%
May 5.237 5.159 3.252 4.037 6.103 5.366 6.767 5.246 3.573 -6,50% -31,90% 5.906 -8,16% -24,46% 4.516 -8,04% -44,86%
June 5.149 5.270 4.084 3.897 6.473 5.305 6.833 5.615 3.618 +1,28% -35,56% 5.906 0,00% -26,06% 4.578 +1,38% -46,78%
July 4.914 5.283 3.728 3.717 6.529 5.673 6.833 5.607 3.483 -3,73% -37,87% 5.604 -5,11% -26,08% 4.504 -1,62% -47,35%
August 5.039 5.023 3.295 3.686 6.596 5.886 6.915 5.018
September 4.971 4.772 3.347 3.913 6.914 6.331 6.619 4.052
October 4.978 4.660 3.200 3.976 7.018 7.425 5.879 3.599
November 4.978 4.501 3.051 4.367 6.302 5.896 5.724 3.295
December 4.861 4.362 3.274 4.813 5.883 5.741 5.589 3.183
Average* 4.957 4.918 3.486 3.858 6.305 5.707 6.305 4.723 3.673 5.977 4.826
Change (1) -3,42% -0,79% -29,11% +10,67% +63,45% -9,49% +10,48% -25,10% -31,47% -20,32% -40,54%
Monthly Average (July) Including Duty (1.541 US $/ton) 7.145* 6.045
Source: CME (Grade AA)
* Arithmetic Average
1) change from the same period of previous year
* excl. Australia
NOTE: Conversion in US$ of monthly average price of German Butter is calculated using the average exchange rate of the reference month.
  min price
  max price
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