Daily CME Cash Dairy Product Prices ($/lb.)


September 23, 2026

Final Change ยข/lb. Trades Bids Offers
Butter 1.3650 +2.50 33 60 10
Cheddar Block 1.3575 -0.75 7 2 2
Cheddar Barrel 1.4525 NC 0 0 0
NDM Grade A 2.1500 +2.50 6 2 2
Dry Whey 0.7975 +1.00 2 2 0

Weekly CME Cash Dairy Product Prices ($/lb.)


September 25, 2026

Mon Tue Wed Thur Fri Current Avg. Prior Week Avg. Weekly Volume
Butter 1.3600 1.3400 1.3650 - - 1.3550 1.3590 47
Cheddar Block 1.3650 1.3650 1.3575 - - 1.3625 1.4120 11
Cheddar Barrel 1.4525 1.4525 1.4525 - - 1.4525 1.4475 0
NDM Grade A 2.0925 2.1250 - - - 2.1088 2.0420 6
Dry Whey 0.7800 0.7875 0.7975 - - 0.7883 0.7675 2

CME Futures Settlement Prices


September 25, 2026

Mon Tue Wed Thur Fri
Class III (SEP) $/CWT 16.16 16.14 16.11 0.00 0.00
Class IV (SEP) $/CWT. 19.14 19.14 19.14 0.00 0.00
Cheese (SEP)$/LB. 1.5650 1.5650 1.5620 0.00 0.00
Dry Whey (SEP) $/LB. 0.6615 0.6615 0.6615 0.00 0.00
NDM (SEP) $/LB. 1.8023 1.8023 1.7913 0.00 0.00
Butter (SEP) $/LB. 1.4525 1.4525 1.4525 0.00 0.00
Corn (DEC'26) $/BU. 5.4300 5.3625 5.2875 0.00 0.00
Corn (DEC'27) $/BU. 5.4850 5.4325 5.4000 0.00 0.00
Soybeans (NOV'26) $/BU. 13.2700 13.2500 12.8075 0.00 0.00
Soybeans (NOV '27) $/BU. 12.8125 12.8200 12.8075 0.00 0.00
Soybean Meal (DEC'26) $/TON 367.70 371.00 370.20 0.00 0.00
Soybean Meal (DEC'27) $/TON 367.70 371.00 370.20 0.00 0.00
Live Cattle (OCT) $/CWT. 221.15 218.73 220.83 0.00 0.00

DAILY DAIRY

REPORTS

Europe Futures Settlement Prices (EEX)

Euro/MT

September 23, 2026

SMP Butter Whey
Sep-26 3,198 4,135 1,650
Oct-26 3,253 4,216 1,675
Nov-26 3,308 4,294 1,700
Dec-26 3,319 4,319 1,725
Jan-27 3,225 4,425 1,725
Feb-27 3,206 4,495 1,715
Mar-27 3,213 4,590 1,700
Apr-27 3,194 4,690 1,675
May-27 3,194 4,775 1,650
Jun-27 3,155 4,875 1,625
Jul-27 3,138 4,975 1,600
Aug-27 3,138 5,025 1,600
Sep-27 3,138 5,075 1,600

New Zealand Futures Settlement Prices (NZX)

US$/MT

September 23, 2026

WMP SMP AMF Butter
Oct-26 3,580 3,800 5,460 4,555
Nov-26 3,680 3,805 5,495 4,550
Dec-26 3,760 3,825 5,450 4,500
Jan-27 3,875 3,835 5,585 4,845
Feb-27 3,970 3,865 5,610 4,950
Mar-27 4,015 3,875 5,725 4,900
Apr-27 4,120 3,885 5,750 5,045
May-27 4,145 3,865 5,750 5,145
Jun-27 4,125 3,825 5,750 5,205
Jul-27 3,880 3,595 5,825 5,270
Aug-27 3,860 3,500 5,780 5,255
Sep-27 3,850 3,400 5,845 5,260