# Butter declines while cheese blocks, nonfat dry milk gain Monday at CME - Brownfield Ag News

> Cash dairy prices at the CME were mixed to start the week. Butter fell $0.025 to $1.32 per pound on 11 sales, while 40-pound cheese blocks rose slightly to $1.60 and nonfat dry milk gained to $2.125. Dry whey was unchanged at $0.84.

- Date: 2026-11-02 · published 2026-11-02T21:09:01.409Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/75841-butter-declines-while-cheese-blocks-nonfat-dry-milk-gain-monday-at-cme
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Mixed moves across dairy products point to no clear direction for milk component values. Butter weakness and firm cheese and powder prices leave the Class III milk price balance broadly unchanged.

## Read by commodity

- MILK: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2026-11-03 | 5 | +13.3% | 4.8 | CME cash cheese blocks edged up to $1.60 and nonfat dry milk gained to $2.125 on Nov 2, which supports Class III (cheese/whey-driven) futures, though the moves were small relative to a 13% jump. |
| MILK | 2026-11-03 | 1 | +13.6% | 12.1 | CME cash dairy on Nov 2 showed cheese blocks and nonfat dry milk gaining, which feeds directly into Class III pricing, though the moves were small relative to a 13.56% jump. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/butter-declines-while-cheese-blocks-nonfat-dry-milk-gain-monday-at-cme/

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