# US milk powder keeps falling, heat wave or not

> CME spot nonfat dry milk fell 5.8% in the week to $1.505 per lb, 34% below its early-May peak, despite a heat wave. Butter closed at $1.6375 after touching $1.70, and whey buyers were testing lower-priced MPC 85.

- Date: 2026-07-03 · published 2026-07-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8579-us-milk-powder-keeps-falling-heat-wave-or-not
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Record milk powder output and recovering processor supply keep dry dairy prices under pressure, weakening dairy ingredient values for feed buyers.

## Read by commodity

- MILK: bearish ▼

## Sources

- vespertool.com: https://vespertool.com/news/us-milk-powder-keeps-falling-heat-wave-or-not/

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