# Milk, Dairy and Grain Market Commentary

> Spot CME Cheddar blocks fell 6.25 cents to $1.8375/lb, the lowest since May, and butter dropped 2.5 cents to $2.67 in a quiet week. Cream is in ample supply as butterfat output rose 1.9% year over year while milk volume fell 0.7%.

- Date: 2024-11-01 · published 2024-11-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4679-milk-dairy-and-grain-market-commentary
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Expectations of rising cheese output from new plants and abundant cream weigh on dairy product prices and reduce dairy processor demand for feed inputs.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2024-11-05 | 5 | -12.3% | -3.8 | Spot cheddar blocks fell to the lowest since May and butter dropped on ample cream supply, which weighed on Class III-linked cheese values. |

## Sources

- milkproducerscouncil.org: https://www.milkproducerscouncil.org/post/milk-dairy-and-grain-market-commentary-138

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