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CME spot whey powder rose to 82.5 cents per pound, a 4.5-year high, and nonfat dry milk climbed to $2.22, near its all-time high. Spot cheddar blocks fell to $1.27, their lowest since May 2020, before recovering to $1.315, and spot butter dropped 6 cents to $1.34.
Strong protein demand from Asia and Mexico supports whey and skim-based feed ingredients, while weak cheese and butter prices pressure milk values.
milkproducerscouncil.orgSarina SharpOct 2, 2026Not enough comparable past events yet for a historical read.
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.
Spot cheddar blocks hit their lowest since May 2020 and butter dropped 6 cents; since Class III is driven mainly by cheese, this directly explains the weekly drop despite strong whey.
