# MRV Market Commentary November 6, 2024 - MRV

> MRV's market commentary says butter fell from $2.90 to about $2.71/lb and cheese barrels and blocks dropped to about $2.00/lb in early November. Nonfat dry milk rose to $1.36/lb and dry whey rose to about $0.58/lb. Cheese stocks ended October lower than expected.

- Date: 2024-11-06 · published 2024-11-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8629-mrv-market-commentary-november-6-2024-mrv
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower cheese and butter prices weigh on Class III and IV values, while firmer powder prices support the milk-solids outlook. Tight cheese stocks may limit further declines.

## Read by commodity

- MILK: neutral

## Sources

- mrvdairysolutions.com: https://www.mrvdairysolutions.com/blog/mrv-market-commentary-november-6-2024/

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