# Butter Prices Rise While Cheese Prices Fall - Dairy Herd

> USDA's monthly Dairy Products report showed March cheese output at 1.229 billion lbs, down 0.2% year over year, and butter at 205 million lbs, up 1.4%. On the CME spot market, butter and nonfat dry milk rose while cheddar blocks fell 5.25 cents to $1.6125/lb and dry whey dropped.

- Date: 2023-05-05 · published 2023-05-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35964-butter-prices-rise-while-cheese-prices-fall-dairy-herd
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Weaker cheese and whey spot prices pull down Class III milk values, while firmer butter and powder prices support Class IV.

## Read by commodity

- MILK: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2023-05-07 | 5 | -11.6% | -4.2 | Cheddar blocks fell 5.25 cents to $1.6125 and dry whey dropped, both core components of Class III value, while cheese output was only slightly below a year earlier, so supply was not tight. |

## Sources

- dairyherd.com: https://www.dairyherd.com/markets/milk-prices/butter-prices-rise-while-cheese-prices-fall

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