US butter prices continue to slide, with markets facing sustained pressure driven by oversupply both domestically and globally. In this week’s Chart Chatter, the team breaks down the key forces behind the downturn—from rising milk component production in the US to elevated stocks and seasonal output in Europe.

As demand for protein and solids grows, excess butterfat is flooding the market, forcing prices lower and pushing supply into global channels already under strain. What does this mean for near-term pricing—and is there any relief ahead?