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
CME cheese prices began the week in the red with barrels slipping to $1.8450 per pound
The USDA lowered its milk production forecast for 2024 based on a slight decrease in growth for milk production per cow.
USDA’s World Agricultural Supply and Demand Estimates report leaned bearish for both corn and soybeans, with yield, production and ending stock estimates ahead of pre-report expectations.
Inflation in September was higher than expected, up 0.3% from August and +2.4% versus September 2023, compared to calls for +0.2% month-over-month and +2.3% year-over-year.
Demand for MPCs takes milk from dryers, lowering milk powder output.
Calm in the spot markets translated to a lack of fireworks in futures.
August was yet another strong month for cheese exports with 94 million pounds shipped out, explaining part of why spot cheese prices went on a run higher in September.
Class III contracts for the rest of 2024 fell, with November settling at $21.00 per hundredweight, down 39 cents, and December closing at $20.44 per hundredweight, 42 cents lower.
After making small movements over the last two days, the CME barrel market resumed its downward trajectory and closed at $2.1200 per pound, $0.0325 lower.
Spot butter prices tumbled, giving up seven cents to reach $2.6800 per pound, the lowest level since January.