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
Futures markets had a tame day ahead of USDA’s Milk Production report.
As the first major day of the NCAA March Madness tournament kicked off on Thursday with heroes, upsets and Cinderella teams, markets had their own version.
Low prices triggered buyer interest in spot blocks, which climbed up to $1.6050 per pound, three cents higher, with seven loads trading.
Class III futures are down again, with May taking the biggest hit, down 25 cents on the day.
A strong pinch is in order for dairy markets this Saint Patrick’s Day, with no green on the board.
The Class III complex opened with continued strength from yesterday, propelled by anecdotal news of cheese being sold above spot market prices.
Last week, the U.S. dollar had the worst week-to-week performance since 1995 and that, combined with global dairy price premiums, should spark some export interest and support domestic prices.
It was a noisy week with tariff uncertainty, and the markets remain on edge to see what next week brings.
U.S. cheese exports got off to a strong start in 2025, with outbound volumes totaling 103 million pounds in January, up 22% (+18 million pounds) on the year.
Cheese and butter are clear deals in the export space — but some traders indicate that tariff uncertainty has given them a reason to pause on what would normally be lucrative purchases.