# CME Dairy Market Update: Navigating Cheese Stability, NFDM Growth, and Corn Harvest Progress | The Bullvine

> The CME Dairy Market Report for October 28, 2024 showed Class III and cheese futures moving mixed on reduced selling pressure. Cheese held near $1.90, NFDM gained on Chinese demand, and spot butter stayed in the mid-$2.60s on low volume.

- Date: 2024-10-29 · published 2024-10-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28022-cme-dairy-market-update-navigating-cheese-stability-nfdm-growth-and-corn
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Stable cheese and mixed Class III futures indicate no major shift in dairy demand for feed. Stronger NFDM demand from China is a modest positive for dairy processing, with limited direct impact on feed grain prices.

## Read by commodity

- MILK: neutral

## Sources

- thebullvine.com: https://www.thebullvine.com/news/cme-dairy-market-update-navigating-cheese-stability-nfdm-growth-and-corn-harvest-progress/

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