DAIRY PRODUCTS in EUR/mT
Comparative Dairies between US, Europe and New Zealand. Basis Calculated in Cwt/$..
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last update: 2026-03-12 23:00:03 GMT
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| US | DE | US | US | US | US | DE | US | NZ | NZ | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| European Euro | Butter Cash Settled | Eurex Butter | Cheddar Cheese Cash Settled | Class 3 Composite | Class 4 Composite | Nonfat Dry Composite | Eurex Skimmed Milk Powder | Whey, Dry, Electronic | Whole Milk Powder | Skimmed Milk Powder | |||||||||||
| Pips | CMG | EUREX | CMG | CME | GLOBEX | GLOBEX | EUREX | GLOBEX | NZF | NZF | |||||||||||
| DA basis | EUR/mT | DA Basis | EUR/mT | DA basis | EUR/mT | DA basis | EUR/mT | DA basis | EUR/mT | DA basis | EUR/mT | DA basis | EUR/mT | DA basis | EUR/mT | DA basis | EUR/mT | DA basis | EUR/mT | ||
| Swap | $/cwt | Outright | $/cwt | Outright | $/cwt | Outright | $/cwt | Outright | $/cwt | Outright | $/cwt | Outright | $/cwt | Outright | $/cwt | Outright | $/cwt | Outright | $/cwt | Outright | |
| EUR | C3CBE | FBUTE | C3CSCE | C3QDAE | C3GDKE | C3GNFE | FSMPE | C3DYE | WMPE | SMPE | |||||||||||
| MAR26 | 1.15 | +202.2 | 3729.7 | +256.1 | 5359.8 | +159.1 | 3450.0 | +16.18 | 318.5 | +3.32 | 383.8 | +20.69 | 725.7 | +136.9 | 3013.0 | -0.74 | 303.9 | +96.10 | 2210.9 | +83.80 | 1967.5 |
| APR26 | 1.15 | +194.2 | 3591.1 | +266.5 | 5568.8 | +161.7 | 3505.0 | +16.37 | 322.2 | +3.21 | 385.4 | +22.57 | 766.5 | +143.8 | 3152.0 | -1.28 | 297.1 | +98.40 | 2259.3 | +86.50 | 2024.0 |
| MAY26 | 1.16 | +197.0 | 3634.0 | +269.4 | 5627.1 | +162.4 | 3521.0 | +16.45 | 323.9 | +3.15 | 386.0 | +21.79 | 752.9 | +142.3 | 3124.7 | -1.27 | 298.9 | +97.90 | 2250.8 | +85.50 | 2006.6 |
| JUN26 | 1.16 | +197.5 | 3646.0 | +272.3 | 5693.6 | +167.2 | 3625.0 | +16.91 | 332.9 | +2.73 | 386.6 | +21.21 | 750.5 | +144.7 | 3181.2 | -1.86 | 296.3 | +98.10 | 2263.7 | +84.70 | 1999.5 |
| JUL26 | 1.16 | +201.4 | 3701.8 | +290.2 | 6054.6 | +172.5 | 3739.0 | +17.41 | 342.7 | +2.03 | 382.6 | +19.69 | 730.2 | +144.6 | 3189.8 | -2.46 | 294.3 | +96.80 | 2248.3 | +82.00 | 1957.4 |
| AUG26 | 1.16 | +206.4 | 3797.8 | +289.9 | 6057.8 | +177.3 | 3840.0 | +17.82 | 350.8 | +1.37 | 377.7 | +18.35 | 712.0 | +144.2 | 3189.2 | -3.00 | 291.8 | +94.60 | 2212.9 | +79.00 | 1906.2 |
| SEP26 | 1.17 | +210.7 | 3866.3 | +291.0 | 6084.1 | +180.5 | 3910.0 | +18.11 | 356.4 | +0.93 | 374.8 | +17.40 | 698.9 | +143.2 | 3174.8 | -3.43 | 288.8 | +92.50 | 2176.4 | +76.80 | 1869.0 |
| 2Q26 | 1.17 | +196.2 | 3585.9 | +269.4 | 5629.8 | +163.8 | 3550.3 | +16.58 | 326.3 | +3.03 | 386.0 | +21.86 | 756.6 | +143.6 | 3152.6 | -1.47 | 297.4 | +98.10 | 2257.9 | +85.50 | 2010.0 |
| 3Q26 | 1.18 | +206.2 | 3748.6 | +290.4 | 6065.5 | +176.8 | 3829.7 | +17.78 | 350.0 | +1.44 | 378.4 | +18.48 | 713.7 | +144.0 | 3184.6 | -2.96 | 291.6 | +94.60 | 2212.5 | +79.30 | 1910.9 |
| 4Q26 | 1.18 | +214.2 | 3882.8 | +298.8 | 6242.0 | +182.2 | 3947.0 | +18.29 | 359.9 | +0.52 | 370.1 | +16.26 | 679.9 | +144.8 | 3209.6 | -3.77 | 285.7 | +90.80 | 2146.4 | +75.40 | 1843.4 |
| 1Q27 | 1.18 | +213.7 | 3852.1 | +303.6 | 6320.5 | +176.6 | 3820.3 | +17.51 | 344.7 | +0.83 | 361.0 | +16.10 | 661.7 | +144.9 | 3196.5 | -3.79 | 270.1 | +92.90 | 2173.3 | +78.60 | 1892.8 |
| 2Q27 | 1.18 | +217.9 | 3909.1 | +308.3 | 6408.9 | +175.3 | 3792.3 | +17.32 | 340.9 | +0.80 | 356.2 | +14.90 | 633.5 | +144.9 | 3192.8 | -5.90 | 225.2 | +92.70 | 2164.8 | +82.10 | 1956.4 |
| 2026 | 1.19 | +205.2 | 3691.4 | +283.2 | 5917.2 | +172.7 | 3743.1 | +17.41 | 342.7 | +1.83 | 378.7 | +19.05 | 717.7 | +143.4 | 3165.3 | -2.54 | 292.8 | +94.70 | 2206.1 | +80.40 | 1926.0 |
| 2027 | 1.19 | +220.4 | 3939.2 | +308.3 | 6419.5 | +183.8 | 3967.0 | +17.77 | 349.9 | -0.15 | 346.8 | +16.09 | 666.6 | +144.6 | 3195.5 | -6.91 | 213.8 | +90.40 | 2129.0 | +80.00 | 1925.1 |
| 2028 | 1.19 | +250.9 | 4460.7 | +311.6 | 6516.7 | +224.5 | 4801.4 | +19.45 | 382.8 | -0.19 | 379.0 | +18.94 | 755.6 | +144.0 | 3217.3 | -15.55 | 76.67 | +73.90 | 1837.5 | +76.50 | 1888.1 |
| 2029 | 1.20 | +230.8 | 4079.1 | +592.8 | 10531 | -36.10 | -676.9 | -1.88 | -33.40 | +16.23 | 255.8 | +30.23 | 505.3 | +175.4 | 3092.5 | +2.97 | 19.40 | +113.2 | 1984.8 | +109.7 | 1921.0 |
| 2030 | 1.20 | - | 4461.1 | - | 10628 | - | 3794.6 | - | 349.7 | - | 372.3 | - | 2939.9 | - | - | - | 835.3 | - | - | - | - |
| MAR26 |
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| APR26 |
| MAY26 |
| JUN26 |
| JUL26 |
| AUG26 |
| SEP26 |
| 2Q26 |
| 3Q26 |
| 4Q26 |
| 1Q27 |
| 2Q27 |
| 2026 |
| 2027 |
| 2028 |
| 2029 |
| 2030 |