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Milk Pay reports weekly wholesale dairy prices remain at mid-to-low levels, with butter around $2.36 per pound after a March low of $2.14. Cheddar block is about $1.88 per pound and NDM is near $1.20 per pound, all well below 2022 peaks.
Wholesale cheese, butter and NDM values drive producer milk prices through the USDA formulas. Low NDM and cheese levels keep milk protein returns weak, which limits dairy-based feed demand.
milkpay.comJohn GeussJun 16, 2025Not 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.
