There's one thing you can do to help stop America's holiday butter shortage
across the country as butter makers are working diligently to keep up with demand and prepare for the winter.
“The media is reporting that there’s a butter shortage,” says Herrick. But in reality, stocks are just tight. “When folks go to the grocery store, we’re not seeing that they don’t have butter,” he says. “We’re seeing that the prices are up.” And while butter prices have skyrocketed this year, they are expected to fall in the coming months, says Peter Vitaliano, chief economist for the National Milk Producers Federation, an industry group that represents dairy farmers and their cooperatives. CME group cash settlement prices, which are the expected market value of a commodity, shows that the cost of butter is
to 299 and again to 260 by December. “A price decline of that magnitude indicates that the supply and demand are going to be coming more closely back into balance even in the next month or so,” he says.Despite higher-than-usual demand and tight supply for butter, experts tell TIME that they expect butter to remain in stock at stores through the holidays. That is, unless people start panic-buying.
Unfortunately, prices are going to remain higher for the next several weeks. “Whatever [the] shortage situation is going to be, we’re pretty much at the peak of it now,” Vitaliano says. “It’s going to be easing as we go through the end of this year and into the new year.”
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