# Milk, Dairy and Grain Market Commentary

> 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.

- Date: 2026-10-02 · published 2026-10-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5026-milk-dairy-and-grain-market-commentary
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Strong protein demand from Asia and Mexico supports whey and skim-based feed ingredients, while weak cheese and butter prices pressure milk values.

## Read by commodity

- DDGS: neutral
- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2026-10-02 | 5 | -7.3% | -2.9 | 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. |

## Sources

- milkproducerscouncil.org: https://www.milkproducerscouncil.org/post/milk-dairy-and-grain-market-commentary-226

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