Since June 2025, only the block cheddar price, not the barrel cheddar price, has been used to set the protein value in the Class III milk price. Buyers and sellers have also shifted barrel contracts for 2025 and 2026 to price off the daily CME block price.
Block and barrel prices have since varied by only 0.3 cents, compared with an average of 10.3 cents over 2019 to 2024.
The reformed formula changes how U.S. milk protein is valued, which affects the Class III milk price that dairy producers and feed buyers track. Barrel pricing now following block prices reduces the price volatility that barrel cheese previously added to milk prices.
過去の中立な政策イベント93件の後、牛乳(クラスIII) は5営業日で中央値 -0.0% 動き(48% が上昇。中央50%は -0.6% から +0.6%)、20営業日では +0.2% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。