Markets / Cheese
Cheese
Nov Cheese futures · $ per pound
Download prices (CSV, opens in Excel): daily, 1 year · weekly, 10 years
Cheese is up 11.2% since January 1. By this point in a typical year (2021–2025) it was up 7.7%. From here to year-end, the price rose in 0 of the last 5 years, down 10.4% on average. Front-month futures. Past patterns don't predict prices; weather, demand and policy change every year.
Every contract month
Cheese futures trade every month.
Deferred months are priced above Nov Cheese (a carry): the market is paying to store it.
| Month | Last | Change | vs. Nov |
|---|---|---|---|
| Nov Cheese | 1.635 | +$0.012 | — |
| Dec Cheese | 1.616 | -$0.002 | -$0.019 |
| Jan Cheese | 1.610 | -$0.003 | -$0.025 |
| Feb Cheese | 1.622 | -$0.001 | -$0.013 |
| Mar Cheese | 1.627 | -$0.005 | -$0.008 |
| Apr Cheese | 1.633 | -$0.007 | -$0.002 |
| May Cheese | 1.642 | -$0.005 | +$0.007 |
| Jun Cheese | 1.654 | -$0.001 | +$0.019 |
| Jul Cheese | 1.679 | +$0.004 | +$0.044 |
| Aug Cheese | 1.689 | unch | +$0.054 |
| Sep Cheese | 1.695 | unch | +$0.06 |
| Oct 27 Cheese | 1.703 | -$0.003 | +$0.068 |
Text me when Nov Cheese hits my number
Pick the month and the price. We text you the second it trades there, plus cheese at 10:00 and 2:00.
Set up Nov Cheese alertsEconomy
Fed funds target 3.75-4.00% (raised 25 basis points Sep 17, 2026). Dollar index 101.79, -0.4% this week, +3.5% from a year ago. A stronger dollar makes US grain and meat pricier overseas.
Why it moved
The next 10:00 or 2:00 report will explain today's move here.
About this market
CME cash-settled cheese, 20,000 lb, settles to USDA's monthly average block and barrel cheese price. Drives the Class III price.