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US spot cheese at the CME jumped 29.75 cents between October 9 and October 16, the largest Friday-to-Friday gain since July 2023, reaching as high as $1.80 per pound. Cheese had fallen to $1.27 per pound at the end of September, its lowest since May 2020, before buyers returned.
US milk production reached 19.44 billion pounds in September, up 2.6% year on year, and export demand remains strong.
Buyers returning to cheese at low prices supports cheese and milk values, although the rebound has been volatile. Strong export demand adds support to the outlook for dairy prices.
idfa.orgOct 28, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Spot cheese jumped 29.75 cents in one week to $1.80/lb after hitting a multi-year low, with buyers returning and export demand strong, which directly lifts Class III (cheese/whey-based) pricing.
CME spot cheese jumped nearly 30 cents in a week from multi-year lows with strong export demand, the key Class III component driver.
CME spot cheese posted its largest weekly gain since 2023 after hitting a multi-year low, showing buyers returning and lifting the cheese-driven Class III price.
CME spot cheese jumped nearly 30 cents in a week to $1.80 after a multi-year low, with strong export demand, so cheese is the main Class III price driver.
