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Milk Pay reviews US wholesale dairy trends since January 2023, noting block Cheddar has risen to about $1.92 per pound in 2025 after a 2024 swing. Dry whey prices have more than doubled since late 2023 and are still climbing, lifting Class III milk prices.
Rising cheese and whey prices lift Class III milk values, which supports dairy producer income and can sustain demand for feed inputs.
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.