# CME Dairy Market Update: Mixed Cash Prices for Cheese, Butter, and Dry Milk | The Bullvine

> CME cash dairy prices on September 4, 2024 were mixed: dry whey and barrels slipped, blocks rose to $2.23, butter fell to $3.1475, and nonfat dry milk edged up to $1.3550. Spot block cheese hit a new 2024 high before buyers grew quieter.

- Date: 2024-09-04 · published 2024-09-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4236-cme-dairy-market-update-mixed-cash-prices-for-cheese-butter-and-dry-milk-the
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Cheese and milk powder strength reflects tighter milk supply, but cooling buyer interest suggests demand may be limiting further gains.

## Read by commodity

- MILK: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2024-09-04 | 1 | +9.7% | 15.8 | Spot block cheese hit a new 2024 high on Sept 4, which feeds directly into Class III pricing, although other cash prices were mixed. |
| MILK | 2024-09-09 | 5 | +12.1% | 3.3 | Spot block cheese hit a new 2024 high on Sept 4, which feeds directly into Class III pricing. |
| MILK | 2024-09-05 | 1 | +9.7% | 15.2 | Spot block cheese hit a new 2024 high on Sept 4, supporting Class III futures strength since cheese is the main price driver, although other cash prices were mixed. |

## Sources

- thebullvine.com: https://www.thebullvine.com/news/cme-dairy-market-update-mixed-cash-prices-for-cheese-butter-and-dry-milk/

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