Commodity Markets, Prices & Futures
Use the chart below to check futures prices for commodities. Click the links for pricing on grains, livestock, milk prices, and more and stay on top of what’s going on in the markets. Cash price reflects the USDA Chicago terminal.
Latest News from Markets
Cheese markets saw strong activity with little price change, while U.S. milk production in March rose 0.9% year-over-year.
Early day buying had May Class III milk touching over $18.50, a level we haven’t seen since late February.
Class III futures climbed over $1 this week, even as spot cheese slipped, with low prices helping to boost demand.
Class III milk futures slipped as barrel prices softened, but steady powder markets and a weaker dollar hint at potential support from export opportunities.
With the May pricing period now underway and futures starting the week at a discount, May cheese and Class III contracts rallied to bridge the gap.
Friday saw most commodities except milk trading green, but today flipped the script, with spot cheese pulling us higher.
Tariff tensions with China sent ripples through the whey market, dragging down spot and futures prices and putting pressure on Class III milk contracts.
While markets responded positively to yesterday’s news of delays, continued pressure on China leaves the future of dairy prices up in the air.
Class III futures saw a strong rebound with significant gains in May and June contracts, while cheese prices edged higher, despite ongoing U.S.-China tariff tensions impacting dairy markets.
Cheese and Class III futures rallied on stronger spot prices, even as rising trade tensions with China and looming tariffs stirred market uncertainty.