Cash-Settled Cheese Futures

Livestock · Monthly series · CM-CSC1.CME

Latest, October 2026

1.45 USD/LBR

+1.4% from September 2026

Open interactive chartCash-Settled Cheese Futures in the app

2.5211.8771.233November 2016October 2027
History through October 2026, the forecast path to October 2027 (dashed) and its 80% interval (shaded).

Forecast

Forecast for October 2027: 1.69 USD/LBR, with an 80% interval of 1.35 USD/LBR to 2.18 USD/LBR.

Forecast path. Intervals are shown where available.
PeriodForecast80% low80% high
November 20261.47 USD/LBR1.34 USD/LBR1.66 USD/LBR
December 20261.51 USD/LBR1.29 USD/LBR1.79 USD/LBR
January 20271.54 USD/LBR1.24 USD/LBR1.93 USD/LBR
February 20271.57 USD/LBR1.27 USD/LBR1.95 USD/LBR
March 20271.59 USD/LBR1.33 USD/LBR1.95 USD/LBR
April 20271.62 USD/LBR1.40 USD/LBR1.92 USD/LBR
May 20271.64 USD/LBR1.48 USD/LBR1.86 USD/LBR
June 20271.65 USD/LBR1.34 USD/LBR2.10 USD/LBR
July 20271.67 USD/LBR1.32 USD/LBR2.16 USD/LBR
August 20271.68 USD/LBR1.45 USD/LBR2.00 USD/LBR
September 20271.68 USD/LBR1.40 USD/LBR2.08 USD/LBR
October 20271.69 USD/LBR1.35 USD/LBR2.18 USD/LBR

Model: Agentic Investor TSFM (foundation model). Forecast generated 2026-11-14.

AI confidence

Supported evidence

The point forecast beat the no-change baseline overall and in a majority of the evaluated tests.

Model: Agentic Investor TSFM (foundation model)

Accuracy vs naive
+21%Beats the no-change baseline over 12 tests (12 tests, 9 won)
Direction
67%No clear edge over a coin flip (97 of 144 calls right in 12 tests)
Turning points
13 of 65Anticipated some turns (65 turns in 12 tests, 0 without a turn)
Error vs baseline
21% lowerError ratio 0.79; 1.00 is a tie.
Tests won
9 / 12Complete rolling backtests; ties count as no win.
Test period
2014-11-01 to 2026-10-0112 observations ahead per test.
80% band coverage
80%Observed outcomes inside the band across all stored test windows.
How this assessment is made

AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.

Replay past tests

Model comparison

Comparison pendingA new ticker first receives its serving model's forecast and evaluation. An eligible nightly batch can compare four classes, subject to call budgets and retry limits.

Reading

It is above 7% of the 119 earlier readings since November 2016.

Written from the figures by a fixed template; no AI model is involved.

Recent history (24 observations)
The 24 most recent observations, newest first.
PeriodValue
October 20261.45 USD/LBR
September 20261.43 USD/LBR
August 20261.58 USD/LBR
July 20261.53 USD/LBR
June 20261.51 USD/LBR
May 20261.66 USD/LBR
April 20261.67 USD/LBR
March 20261.67 USD/LBR
February 20261.43 USD/LBR
January 20261.40 USD/LBR
December 20251.45 USD/LBR
November 20251.75 USD/LBR
October 20251.74 USD/LBR
September 20251.75 USD/LBR
August 20251.75 USD/LBR
July 20251.75 USD/LBR
June 20251.80 USD/LBR
May 20251.84 USD/LBR
April 20251.83 USD/LBR
March 20251.70 USD/LBR
February 20251.91 USD/LBR
January 20251.89 USD/LBR
December 20241.90 USD/LBR
November 20241.91 USD/LBR

Source

Data: public market data feeds.

More from Agentic Investor

Also stored for Livestock