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CME spot dry whey prices rose to 71 cents per pound on October 31, the highest since January, as demand for high-protein whey products stayed strong and raw whey supply stayed limited. Cheese prices remained under pressure.
Each one-cent rise in dry whey lifts Class III milk by about 6 cents, so whey is cushioning milk prices while cheese weakens.
Not 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.