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
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.
Supply concerns and rising global prices continued to drive CME barrels higher.
Seasonal demand is providing support to the market. This support may continue for a time as supply has tightened and demand is improving.
Harvest is underway across much of the Midwest, with 9% of the U.S. corn crop now in the bin, ahead of the five-year average of 6%.
The CME barrels market didn’t show signs of slowing its ascent, adding a nickel to reach $2.4850 per pound. That’s the highest price since November 2020.
Spot cheese was mixed, with blocks dipping to $2.2800 per pound and losing 3.5 cents, while barrels rose to $2.4350 per pound, tacking on five cents.