Just when it's time to whip up some holiday pie crusts, butter prices have gone through the roof. The cost of a pound of butter is up 74 percent, according to the U.S. Department of Agriculture.
Paul Dyk, dairy and livestock agent at UW-Extension in Fond du Lac, said prices are up because world butter stocks are down 26 percent from last month. Hot weather this past summer around the globe also caused a decrease in milk production.
"The cows aren't producing the amount of butter fat in their milk; it's down this year, so export markets have been up," he said. "The global demand is high, and the U.S. dollar is down."
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