Provided are a computer program product, system, and method for using a track format code in a cache control block for a track in a cache to process read and write requests to the track in the cache. A track format table associates track format codes with track format metadata. A determination is made as to whether the track format table has track format metadata matching track format metadata of a track staged into the cache. A determination is made as to whether a track format code from the track format table for the track format metadata in the track format table matches the track format metadata of the track staged. A cache control block for the track being added to the cache is generated including the determined track format code when the track format table has the matching track format metadata.