# CME Dairy Market Report: March 24, 2025 – Cheese Barrels Surge & Class III Milk Futures Trail USDA Forecasts | The Bullvine

> CME spot cheese barrels rose 8 cents to $1.63 per pound on March 24, while Class III futures at $18.49 per cwt trailed the USDA projection of $19.10. Butter gained 2.75 cents despite ample stocks, and EU milk output declined 0.7% while New Zealand rose 1.2%.

- Date: 2025-03-24 · published 2025-03-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/25586-cme-dairy-market-report-march-24-2025-cheese-barrels-surge-and-class-iii-milk
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Futures lagging USDA forecasts and cheese prices remaining well below projections point to weak US dairy values, while EU supply declines offer some export support for product prices.

## Read by commodity

- MILK: bearish ▼

## Sources

- thebullvine.com: https://www.thebullvine.com/news/cme-dairy-market-report-march-24-2025-cheese-barrels-surge-class-iii-milk-futures-trail-usda-forecasts/

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