# Record Class Price Spreads and Butter Cheese Inversion

> Class III and Class IV milk prices have diverged, and CME butter fell to $1.605 per lb, below the cheese block price of $1.70. This butter-cheese inversion is rare and reflects heavy cream output, weak food service demand and high cold-storage stocks. Cheese has held steadier than other dairy products.

- Date: 2025-11-01 · published 2025-11-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/22417-record-class-price-spreads-and-butter-cheese-inversion
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

The unusual butter-cheese inversion and heavy stocks signal an imbalance in US dairy markets, which keeps milk prices under pressure into the holiday season.

## Read by commodity

- MILK: bearish ▼

## Sources

- dairyherd.com: https://www.dairyherd.com/news/business/record-class-price-spreads-and-butter-cheese-inversion

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.