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
Class III futures followed barrels downward, with the nearby contract setting at $22.72 per hundredweight.
After plunging yesterday, Class III futures reversed course.
Spot prices dipped today following yesterday’s bearish Milk Production report.
A weaker milk supply has finally resulted in price strength for certain dairy products.
In its September Milk Production report, USDA pegged U.S. milk output at 18.2 billion pounds, up 0.1% year-over-year and ahead of expectations.
Weekly volume trade amassed to 161 loads - the highest ever since CME started the five-day trading week.
In September, consumer spending outpaced expectations, totaling $714.4 billion.
Class III followed cheese prices higher, with the nearby contract settling at $22.55 per hundredweight.
Though spot butter prices held steady, the market was busy with trades, with 46 lots changing hands.
There had been earlier concerns that milk supply would tighten with supply limited to bottling and manufacturing. Lower cow numbers and tight heifer supplies would further reduce milk availability. Much of that concern has dissipated.