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


February 28, 2024

Final Change ยข/lb. Trades Bids Offers
Butter 2.8000 -3.50 5 0 2
Cheddar Block 1.6150 +0.50 0 1 0
Cheddar Barrel 1.6700 NC 0 0 1
NDM Grade A 1.1900 +1.00 2 4 2
Dry Whey 0.4400 -1.25 3 3 2

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 2.8000 - - 2.8283 2.8031 15
Cheddar Block 1.5900 1.6100 1.6150 - - 1.6050 1.5219 7
Cheddar Barrel 1.6700 1.6700 1.6700 - - 1.6700 1.6100 11
NDM Grade A 1.1975 1.1800 1.1900 - - 1.1892 1.1963 6
Dry Whey 0.4975 0.4525 0.4400 - - 0.4633 0.5144 5

CME Futures Settlement Prices


February 26, 2024

Mon Tue Wed Thur Fri
Class III (MAR) $/CWT. 17.58 17.28 17.24 0.00 0.00
Class IV (MAR) $/CWT. 20.20 20.14 20.05 0.00 0.00
Cheese (MAR) $/LB. 1.7130 1.6970 1.7020 0.00 0.00
Blocks (MAR)$/LB. 1.6820 1.6820 1.6820 0.00 0.00
Dry Whey (MAR) $/LB. 0.5170 0.4890 0.4845 0.00 0.00
NDM (MAR) $/LB. 1.2108 1.1900 1.1975 0.00 0.00
Butter (MAR) $/LB. 2.8600 2.8250 2.7960 0.00 0.00
Corn (MAR) $/BU. 4.2150 4.2350 4.2850 0.00 0.00
Corn (DEC) $/BU. 4.5700 4.6000 4.6325 0.00 0.00
Soybeans (MAR) $/BU. 11.4525 11.4075 11.4525 0.00 0.00
Soybeans (NOV) $/BU. 11.2975 11.2975 11.3500 0.00 0.00
Soybean Meal (MAR) $/TON 328.60 324.90 327.50 0.00 0.00
Soybean Meal (DEC) $/TON 336.50 334.20 337.00 0.00 0.00
Live Cattle (APR) $/CWT. 188.10 187.73 186.13 0.00 0.00

DAILY DAIRY

REPORTS

Europe Futures Settlement Prices (EEX)

Euro/MT

February 28, 2024

SMP Butter Whey
Feb-24 2,484 5,450 732
Mar-24 2,500 5,930 730
Apr-24 2,507 5,900 741
May-24 2,530 5,950 767
Jun-24 2,556 6,000 782
Jul-24 2,674 6,075 804
Aug-24 2,706 6,300 837
Sep-24 2,817 6,350 860
Oct-24 2,857 6,400 960
Nov-24 2,868 6,450 965
Dec-24 2,888 6,500 970
Jan-25 2,900 6,400 980

New Zealand Futures Settlement Prices (NZX)

US$/MT

February 28, 2024

WMP SMP AMF Butter
Mar-24 3,205 2,720 6,300 6,400
Apr-24 3,215 2,830 6,300 6,200
May-24 3,240 2,840 6,300 6,100
Jun-24 3,200 2,865 6,200 5,950
Jul-24 3,140 2,895 6,100 5,800
Aug-24 3,140 2,945 6,050 5,750
Sep-24 3,235 2,990 6,000 5,750
Oct-24 3,210 3,020 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