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


February 27, 2024

Final Change ยข/lb. Trades Bids Offers
Butter 2.8350 -1.50 2 0 1
Cheddar Block 1.6100 +2.00 2 0 0
Cheddar Barrel 1.6700 NC 4 1 1
NDM Grade A 1.1800 -1.75 0 3 1
Dry Whey 0.4525 -4.50 1 1 6

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


March 1, 2024

Mon Tue Wed Thur Fri Current Avg. Prior Week Avg. Weekly Volume
Butter 2.8500 2.8350 - - - 2.8425 2.8031 10
Cheddar Block 1.5900 1.6100 - - - 1.6000 1.5219 7
Cheddar Barrel 1.6700 1.6700 - - - 1.6700 1.6100 11
NDM Grade A 1.1975 1.1800 - - - 1.1888 1.1963 4
Dry Whey 0.4975 0.4525 - - - 0.4750 0.5144 2

CME Futures Settlement Prices


February 26, 2024

Mon Tue Wed Thur Fri
Class III (FEB) $/CWT. 16.12 16.11 0.00 0.00 0.00
Class IV (FEB) $/CWT. 19.90 19.90 0.00 0.00 0.00
Cheese (FEB) $/LB. 1.6000 1.5990 0.00 0.00 0.00
Blocks (FEB)$/LB. 1.6070 1.6070 0.00 0.00 0.00
Dry Whey (FEB) $/LB. 0.4578 0.4563 0.00 0.00 0.00
NDM (FEB) $/LB. 1.2143 1.2143 0.00 0.00 0.00
Butter (FEB) $/LB. 2.7320 2.7318 0.00 0.00 0.00
Corn (MAR) $/BU. 4.2150 4.2350 0.00 0.00 0.00
Corn (DEC) $/BU. 4.5700 4.6000 0.00 0.00 0.00
Soybeans (MAR) $/BU. 11.4525 11.4075 0.00 0.00 0.00
Soybeans (NOV) $/BU. 11.2975 11.2975 0.00 0.00 0.00
Soybean Meal (MAR) $/TON 328.60 324.90 0.00 0.00 0.00
Soybean Meal (DEC) $/TON 336.50 334.20 0.00 0.00 0.00
Live Cattle (APR) $/CWT. 188.10 187.73 0.00 0.00 0.00

DAILY DAIRY

REPORTS

Europe Futures Settlement Prices (EEX)

Euro/MT

February 27, 2024

SMP Butter Whey
Feb-24 2,475 5,450 748
Mar-24 2,503 5,930 745
Apr-24 2,529 5,900 765
May-24 2,570 5,950 780
Jun-24 2,617 6,000 800
Jul-24 2,678 6,075 825
Aug-24 2,737 6,300 848
Sep-24 2,827 6,350 868
Oct-24 2,863 6,400 960
Nov-24 2,913 6,450 965
Dec-24 2,913 6,500 970
Jan-25 2,900 6,400 980

New Zealand Futures Settlement Prices (NZX)

US$/MT

February 27, 2024

WMP SMP AMF Butter
Mar-24 3,285 2,800 6,300 6,400
Apr-24 3,285 2,840 6,300 6,350
May-24 3,285 2,865 6,300 6,250
Jun-24 3,245 2,880 6,200 6,050
Jul-24 3,175 2,910 6,100 5,900
Aug-24 3,165 2,960 6,050 5,750
Sep-24 3,235 3,000 6,000 5,750
Oct-24 3,210 3,040 6,000 5,775
Nov-24 3,210 3,050 5,900 5,700
Dec-24 3,210 3,060 5,800 5,700
Jan-25 3,350 3,080 5,800 5,850
Feb-25 3,380 3,055 5,800 5,850