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A bi-weekly dairy market report notes that US spot cheese traded in a narrow $1.28 to $1.67 per pound range through the first nine months of 2026, the least volatility in two decades. In the last month, CME spot cheese blocks fell to $1.27 per pound on the final day of September, the lowest since May 2020.
Sharply lower spot cheese prices weigh on US milk class prices and dairy-based feed ingredient values, signalling softer demand for dairy byproducts such as whey.
perishablenews.comDoug OhlemeierNov 3, 2026Not 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.
