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Cash cheese on CME closed at $1.7250 per pound for barrels, unchanged, and at $1.5875 per pound for 40-pound blocks, up $0.01. The prices came from USDA's Wednesday November 4 cash trading report.
Routine dairy price moves have little direct effect on feed grain or protein markets. Cheese price levels mainly matter for milk demand and dairy farm margins.
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.