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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.
cheesereporter.com2025年10月31日在过去 93 次中性的政策事件之后，牛奶(III类) 在 5 个交易日内中位数变动 -0.0%（48% 上涨；中间一半区间为 -0.6% 至 +0.6%），20 个交易日内为 +0.2%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
