The Chicago Mercantile Exchange (CME) saw mixed cash dairy prices on Monday, leaving many in the industry wondering what’s next. Whether managing a farm or supplying to one, these fluctuations can impact your operations directly. So, let’s dive into the details and see what they mean for you.
Here’s a quick rundown of Monday’s activity:
- Dry Whey: Down $0.0150 to $0.59 per pound. Two sales were recorded.
- Cheese Blocks: Up $0.0250 to $2.30 per pound. One sale was recorded.
- Cheese Barrels: Up $0.0050 to $2.49 per pound. No sales were recorded.
- Butter: Down $0.06 to $3.07 per pound. Three sales recorded, ranging from $3.07 to $3.10.
- Nonfat Dry Milk: Down $0.0025 to $1.39 per pound. Five sales recorded, ranging from $1.3950 to $1.3975.
Butter prices slipped to their lowest since June, closing at $3.0700 per pound. The drop doesn’t just reflect on the numbers but on the broader market sentiment. Meanwhile, whey dipped by 1.5 cents, landing at $0.5900 per pound. On the other side of the spectrum, cheese prices showed resilience. Blocks and barrels saw upticks, closing at $2.3000 and $2.4900 per pound, respectively.
Daily CME Cash Dairy Product Prices ($/lb.)
| Final | Change ¢/lb. | Trades | Bids | Offers | |
| Butter | 3.07 | -6 | 3 | 2 | 1 |
| Cheddar Block | 2.3 | 2.5 | 1 | 0 | 0 |
| Cheddar Barrel | 2.49 | 0.5 | 0 | 1 | 2 |
| NDM Grade A | 1.39 | -0.25 | 5 | 2 | 4 |
| Dry Whey | 0.59 | -1.5 | 2 | 2 | 3 |
Weekly CME Cash Dairy Product Prices ($/lb.)
| Mon | Current Avg. | Prior Week Avg. | Weekly Volume | |
| Butter | 3.07 | 3.07 | 3.151 | 3 |
| Cheddar Block | 2.3 | 2.3 | 2.289 | 1 |
| Cheddar Barrel | 2.49 | 2.49 | 2.386 | 0 |
| NDM Grade A | 1.39 | 1.39 | 1.392 | 5 |
| Dry Whey | 0.59 | 0.59 | 0.593 | 2 |
CME Futures Settlement Prices
| Mon | |
| Class III (OCT) $/CWT | 23.64 |
| Class IV (OCT) $/CWT. | 22.76 |
| Cheese (OCT) $/LB. | 2.246 |
| Blocks (OCT)$/LB. | 2.24 |
| Dry Whey (OCT) $/LB. | 0.575 |
| NDM (OCT) $/LB. | 1.368 |
| Butter (OCT) $/LB. | 3.0773 |
| Corn (SEP) $/BU. | 4.42 |
| Corn (DEC) $/BU. | 4.475 |
| Soybeans (NOV ’24) $/BU. | 10.05 |
| Soybeans (NOV ’25) $/BU. | 10.55 |
| Soybean Meal (OCT) $/TON | 319.8 |
| Soybean Meal (DEC) $/TON | 323.8 |
| Live Cattle (OCT) $/CWT. | 177.3 |
(T2, D2)
