DAIRY PRODUCTS in EUR/mT
Comparative Dairies between US, Europe and New Zealand. Basis Calculated in Cwt/$..
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last update: 2025-06-07 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 | |||||||||||
| SPOT | 1.14 | +264.5 | 4896.2 | +415.2 | 8544.0 | +198.3 | 4275.0 | +18.84 | 370.9 | -0.42 | 362.6 | +10.02 | 568.1 | +122.5 | 2783.1 | -6.43 | 244.3 | +109.3 | 2522.2 | +68.10 | 1710.6 |
| JUN25 | 1.14 | +275.8 | 5079.9 | +410.8 | 8455.5 | +196.8 | 4242.0 | +18.71 | 368.3 | +0.45 | 377.1 | +10.84 | 581.7 | +123.9 | 2807.8 | -6.15 | 247.2 | +103.7 | 2408.8 | +68.60 | 1718.4 |
| JUL25 | 1.14 | +275.3 | 5060.2 | +410.6 | 8454.0 | +198.1 | 4271.0 | +18.84 | 370.9 | +0.23 | 375.5 | +10.58 | 579.1 | +123.9 | 2810.4 | -6.34 | 246.2 | +104.2 | 2421.6 | +68.40 | 1718.2 |
| AUG25 | 1.14 | +284.2 | 5207.1 | +411.4 | 8473.4 | +200.3 | 4318.0 | +19.06 | 375.1 | +0.52 | 385.3 | +10.69 | 585.6 | +125.5 | 2845.9 | -6.55 | 246.1 | +100.0 | 2343.4 | +68.20 | 1717.5 |
| SEP25 | 1.14 | +290.6 | 5284.9 | +414.4 | 8536.0 | +202.0 | 4354.0 | +19.21 | 378.2 | +0.72 | 392.4 | +10.78 | 590.3 | +128.1 | 2898.8 | -6.81 | 244.2 | +97.20 | 2292.4 | +68.00 | 1716.1 |
| OCT25 | 1.15 | +294.8 | 5343.2 | +416.9 | 8582.7 | +201.1 | 4335.0 | +19.13 | 376.5 | +1.02 | 396.6 | +11.07 | 594.5 | +132.1 | 2976.2 | -6.79 | 242.9 | +95.50 | 2256.2 | +68.30 | 1720.4 |
| NOV25 | 1.15 | +293.8 | 5309.4 | +409.4 | 8432.2 | +197.9 | 4268.0 | +18.92 | 372.5 | +1.26 | 397.4 | +11.42 | 597.3 | +134.5 | 3019.8 | -6.52 | 244.2 | +95.00 | 2241.8 | +68.80 | 1727.7 |
| DEC25 | 1.15 | +278.4 | 4999.0 | +411.0 | 8461.0 | +198.4 | 4277.0 | +18.87 | 371.4 | +0.40 | 379.3 | +10.70 | 582.1 | +124.5 | 2821.4 | -6.35 | 246.5 | +102.6 | 2391.3 | +68.40 | 1718.0 |
| 3Q25 | 1.14 | +293.1 | 5227.6 | +413.6 | 8517.0 | +200.3 | 4319.0 | +19.09 | 375.7 | +1.00 | 395.5 | +11.09 | 594.0 | +131.5 | 2964.9 | -6.70 | 243.8 | +95.90 | 2263.5 | +68.40 | 1721.4 |
| 4Q25 | 1.15 | +280.0 | 4980.1 | +397.1 | 8181.9 | +190.3 | 4110.0 | +18.52 | 364.5 | +1.38 | 391.7 | +12.02 | 601.1 | +135.8 | 3037.0 | -6.21 | 242.3 | +96.30 | 2259.3 | +72.50 | 1790.8 |
| 1Q26 | 1.15 | +277.2 | 4909.4 | +395.7 | 8150.5 | +188.3 | 4066.3 | +18.32 | 360.7 | +1.53 | 390.8 | +12.39 | 604.6 | +138.2 | 3081.8 | -6.42 | 234.4 | +97.20 | 2274.6 | +74.70 | 1830.4 |
| 2Q26 | 1.16 | +278.1 | 4906.9 | +400.3 | 8241.9 | +190.1 | 4104.0 | +18.40 | 362.1 | +1.20 | 386.3 | +12.70 | 611.2 | +141.1 | 3140.2 | -7.10 | 222.2 | +97.80 | 2286.5 | +73.70 | 1813.3 |
| 3Q26 | 1.16 | +282.7 | 4974.7 | +412.7 | 8496.8 | +199.2 | 4294.7 | +18.96 | 373.2 | +0.54 | 383.8 | +10.77 | 585.2 | +127.2 | 2877.4 | -6.51 | 245.0 | +100.7 | 2355.2 | +68.30 | 1718.4 |
| 2025 | 1.15 | +278.2 | 4873.6 | +401.4 | 8263.7 | +189.8 | 4097.6 | +18.39 | 362.0 | +1.30 | 387.5 | +12.49 | 607.9 | +140.7 | 3130.7 | -6.80 | 228.2 | +97.30 | 2276.8 | +73.00 | 1799.8 |
| 2026 | 1.16 | -135.3 | -1933.7 | +480.7 | 9802.5 | +164.2 | 3570.8 | +17.25 | 339.5 | -16.55 | 13.73 | +34.45 | 1017.6 | +197.8 | 4232.4 | -20.30 | -60.08 | +99.20 | 2291.2 | +72.60 | 1768.1 |
| 2027 | 1.13 | +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 |
| 2028 | 1.03 | - | 4461.1 | - | 10628 | - | 3794.6 | - | 349.7 | - | 372.3 | - | 2939.9 | - | - | - | 835.3 | - | - | - | - |
| SPOT |
|---|
| JUN25 |
| JUL25 |
| AUG25 |
| SEP25 |
| OCT25 |
| NOV25 |
| DEC25 |
| 3Q25 |
| 4Q25 |
| 1Q26 |
| 2Q26 |
| 3Q26 |
| 2025 |
| 2026 |
| 2027 |
| 2028 |