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 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.
Futures followed spot prices lower today, with Q4 Class III prices settling at $22.45 per hundredweight, 45 cents lower.
Friday’s Milk Production report, which showed there was more milk in August than expected, had a bearish effect on spot blocks and butter.
August milk production was down less-than expected, slipping 0.1% year-over-year.
Spot butter dropped below the $3-per-pound mark for the first time since May.
Barrels continued to rise, reaching $2.6225 per pound and tacking on 5.75 cents to set yet another record-high price.