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CME spot cheese fell to $1.4750 per pound for the week ending September 4, with butter down to $1.4260 and barrel cheese down 3.4 cents. Nonfat dry milk rose 5.55 cents to $1.8820 and dry whey gained to 74.4 cents.
USDA reports show ample Central region milk supply and rising diesel costs for hauling.
Weaker cheese and butter values combined with ample spot milk pressure Class III and Class IV returns, although firmer powder and whey prices offer partial support to processors.
blogs.extension.iastate.edunwiadairyoutlookSep 7, 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.
