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
U.S. cheese exports surged ahead in December, totaling 96.7 million pounds.
Class III futures were on a roller coaster with back-and-forth tariff news.
Ramped up conversations around possible 25% tariffs on Mexico and Canada plus 10% tariffs on Chinese goods sent the cheese market sharply lower last night and weakness continued through today’s session.
Dairy cow slaughter rates are well above prior-year levels. For the week ending January 18, culling totaled 58,000 head, up 13.5% on the year.
Class III futures were reluctant to follow several days of green with further higher price action, and showed modest declines or gains depending on the month.
Class III milk futures continued their strong momentum today, with blocks and barrels both posting gains with no offers appearing during the cheese session.
It’s pretty safe to say that the Class III market direction remains unclear.
The market appears to be grappling with uncertainty around Class III prices, particularly as we approach a critical day tomorrow with the release of the Milk Production and Cold Storage reports.
Class III prices continued yesterday’s limit moves, opening red and trading as much as 30 cents lower in nearby months.
After the three-day weekend, spot cheese prices reacted with a series of offers that pushed the entire Class III forward curve downward.