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The index reflects the CFD price of US-produced Cheddar cheese and serves as a key pricing benchmark in the dairy industry for calculating cheese product prices and tracking agricultural market trends. In May 2026, the maximum reached 1.71 USD/pound, the minimum was 1.61 USD/pound, and the average level stood at 1.66 USD/pound. The US is the primary production region, where the indicator is used by producers and traders as a market benchmark.
Index value can be retrieved via Cbonds add-in for Excel using the formula CbondsIndexValue(26881, 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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