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The index reflects the spot price of USDA Class III Milk and serves as a key indicator for pricing cheese and other dairy products in the agricultural sector. In 2026, the maximum reached 23.14 USD/hundredweight, the minimum was 15.26 USD/hundredweight, and the average value stood at 19.36 USD/hundredweight. The US is the primary trading region, where the indicator acts as a pricing benchmark for producers and traders.
Index value can be retrieved via Cbonds add-in for Excel using the formula CbondsIndexValue(181169, date)
Cbonds add-in| Index | Current value | Date |
|---|---|---|
| Milk | 16.13 USD/CWT | 05/06/2026 |
| Cheese | 1.619 USD/Lbs | 05/06/2026 |
| Butter | 4,014 EUR/T | 05/06/2026 |
| Milk (New Zealand) | 9.84 NZD/kg | 04/06/2026 |
| Milk Class 3 (IMF) | 23.14 USD/cwt | 30/04/2026 |
| Milk fat (New Zealand) | 6,700 USD/T | 04/06/2026 |
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