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Butter futures rallied on July 28 after the June Cold Storage report showed lower-than-expected butter stocks. Spot butter gained 3.5 cents to $2.50/lb, and Class III futures for September rose 24 cents to $17.79/cwt.
Cheese inventories came in above expectations but cheese still closed higher.
Tighter butter stocks support Class III and Class IV prices, which can firm dairy-linked feed demand. The cheese inventory overhang limits the upside for Class III.
dairyherd.comEver.Ag2025年8月1日在过去 237 次看涨的报告事件之后，牛奶(III类) 在 5 个交易日内中位数变动 +0.0%（51% 上涨；中间一半区间为 -0.3% 至 +0.6%），20 个交易日内为 +1.2%。
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。
