Dairy Market Dashboard
Track daily CME futures for milk income and feed costs to monitor your farm's profit margins.
While Class III milk saw a modest 0.78% bump today, rising soybean meal costs continue to pressure overall margins. Dairy farmers should review their current feed contracts as protein costs show upward momentum.
Class III Milk Futures
Class III Milk Futures,Sep-2026Corn Futures
Corn Futures,Dec-2026Soybean Futures
Soybean Futures,Nov-2026Soybean Meal Futures
Soybean Meal Futures,Dec-2026Data is delayed and provided for informational purposes only. Do not use for trading.
Live Daily Margin Calculator
We've pre-filled today's live CME prices. Enter your herd data to see your estimated Income Over Feed Cost (IOFC) for today.
Why Track These Commodities?
Class III Milk (Income)
This is your revenue baseline. Class III is used for cheese production and serves as the benchmark for US milk pricing. When this drops, your top-line revenue shrinks.
Corn (Energy Cost)
Corn is the primary energy source in your TMR. It makes up a massive portion of your daily feed volume. Spikes in corn prices instantly compress your profit margins.
Soybean Meal (Protein Cost)
Soybean meal provides the critical protein needed for high milk yield. It's often the most expensive component of your ration per ton, making it vital to monitor.
Related Resources
Deepen your understanding of dairy market dynamics.
Frequently Asked Questions
Why should dairy farmers track Corn and Soybean futures?
Feed represents 50% to 70% of a dairy farm's operating costs. Corn provides the primary energy source in the Total Mixed Ration (TMR), while Soybean Meal provides the primary protein. When these commodity prices rise, dairy profit margins shrink, even if milk prices remain high.
What is Class III Milk?
Class III Milk is the USDA classification for milk used to produce hard cheeses (like Cheddar) and cream cheese. It serves as the primary benchmark price for milk in the United States and is heavily traded as a futures contract on the CME.
How often is this data updated?
This dashboard updates daily after the US markets close. The data reflects the delayed continuous futures contracts from the Chicago Mercantile Exchange (CME).
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