The price of butter in the US has surged by 24.6% over the 12 months ending in August, 2022 and has recently reached new all-time highs. The price has continued to trend upward throughout the summer and into fall and is expected to rise further because of a variety of factors.
This question will be resolved with the closing CME butter cash-settled cash price (BDY00) for Friday, December 30, 2022. The closing CME butter cash-settled cash price on October 7, 2022 was $321.750.
Oct 10, 12:09pm: Will the price of butter be at least US$300 per pound on December 30, 2022? → Will the price of butter be at least US$3.00 per pound on December 30, 2022?
Oct 10, 12:10pm: Will the price of butter be at least US$3.00 per pound on December 30, 2022? → Will the price of butter be at least US$300 on December 30, 2022?
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This appears to be an incorrect title. According to your article link and last chart, and also just by looking in any grocery store, the current price of butter is around $3-$4 per pound. It will certainly not be above $300 in December.
The description makes it clear that you're talking about the CME butter cash-settled cash price, but that is completely different from what the title says.
@IsaacKing You're absolutely right! Thank you so much. I left out the decimal place. I have updated the question.
@belikewater (I confused myself with a USDA graph, which I believe divided by 100 to get the price per pound.)