Butter Reaches Seasonal Record as Americans Gorge on Fat: Chart
(Bloomberg) -- Butter futures on the Chicago Mercantile Exchange are the most expensive ever for this time of year. The higher prices come as Americans increasingly view fat as part of a healthy diet, spurring consumers to move back to butter and away from substitutes such as margarine. Americans are set to eat 8 percent more butter in 2017 than last year, according to government data.
To contact the reporter on this story: Lydia Mulvany in Chicago at lmulvany2@bloomberg.net.
To contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Millie Munshi, Joe Richter
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