How has demand for butter affected the price?
Consumption of dairy products, many of which have a significant cream or butterfat content, has been rising steadily during the past decade. Some examples: • Ice cream consumption rose 14% between 1990 and 1998, and many of the most popular flavors are relatively high in cream content • Cream cheese consumption doubled between 1984 and 1998 • Overall cheese consumption hits new records each year. In 1999, U.S. consumers ate a record 28.9 pounds of cheese per person This growing demand for butterfat-rich products has sometimes produced spikes in the retail price for dairy products.
