
CME cheese blocks fell to $1.27 per pound while butter averaged near $1.34 and NDM Grade A rose to $2.1925. Dry whey ticked above 81 cents, and USDA set the October advanced Class I base price at $18.88 per cwt.
Diverging spot prices show protein ingredients gaining while cheese and butter weaken, and the upcoming WASDE on October 9 could reset expectations for dairy feed demand.
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.
CME cheese blocks fell to $1.27 and butter slid in the same week, which pressured Class III futures even as whey and NDM firmed.