Spread the word. The latest spread from Land O’Lakes, St. Paul, Minn., is a butter made with olive oil. Formulated from three ingredients - cream, olive oil and salt - new Land O’Lakes Butter with Olive Oil is all natural with 50 percent less cholesterol, 0 grams trans fat per serving and 45 percent less saturated fat than traditional butter, the company says. The product is available nationwide with a suggested retail of $2.49.