Nonfat Dry Milk Futures
Livestock · Monthly series · CM-GNF1.CME
Latest, October 2026
200.50 USX/LBR
+1.6% from September 2026
Forecast
No forecast is cached this cycle.
AI confidence
No forecast yetEvidence will appear when a forecast and its backtests are available.
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.
Model comparison
Comparison not readyA forecast and enough history for rolling backtests are required.
Reading
It is above 98% of the 119 earlier readings since November 2016.
Recent history (24 observations)
| Period | Value |
|---|---|
| October 2026 | 200.50 USX/LBR |
| September 2026 | 197.35 USX/LBR |
| August 2026 | 181.00 USX/LBR |
| July 2026 | 166.50 USX/LBR |
| June 2026 | 160.25 USX/LBR |
| May 2026 | 208.82 USX/LBR |
| April 2026 | 202.03 USX/LBR |
| March 2026 | 179.00 USX/LBR |
| February 2026 | 137.00 USX/LBR |
| January 2026 | 119.53 USX/LBR |
| December 2025 | 116.75 USX/LBR |
| November 2025 | 116.12 USX/LBR |
| October 2025 | 115.62 USX/LBR |
| September 2025 | 117.25 USX/LBR |
| August 2025 | 128.03 USX/LBR |
| July 2025 | 129.90 USX/LBR |
| June 2025 | 125.97 USX/LBR |
| May 2025 | 119.42 USX/LBR |
| April 2025 | 117.78 USX/LBR |
| March 2025 | 117.30 USX/LBR |
| February 2025 | 133.00 USX/LBR |
| January 2025 | 138.25 USX/LBR |
| December 2024 | 140.00 USX/LBR |
| November 2024 | 137.65 USX/LBR |
Source
Data: public market data feeds.
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