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
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.
Class III futures through the rest of 2024 continued to decline, with the November contract down 27 cents to $22.61 per hundredweight.
Barrels continued to decline, landing at $2.1475 per pound and giving up 15 cents, the largest single-day drop since November 2020.
Butter and cheese prices have fallen substantially since the highs were established. The supply outlook has changed with reports indicating there should be sufficient supply through the end of the year.
![Cheese-Markets-Low[51].jpg](https://assets.farmjournal.com/dims4/default/1726c13/2147483647/strip/true/crop/1200x802+0+29/resize/250x167!/format/webp/quality/90/?url=https%3A%2F%2Fk1-prod-farm-journal.s3.us-east-2.amazonaws.com%2Fbrightspot%2Fe7%2F45%2F4d72a63649618633f4b57edec282%2Fcheese-markets-low51.jpg)
CME barrels continued to plunge, falling to $2.2975 per pound, shedding $0.1025 on the day and -$0.2925 from the Friday before.
Butter settled at $2.7900 per pound, giving up seven cents to reach the lowest price since March.