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 and Class IV milk prices take a major hit on the chin.
Today’s GDT event was supportive, with increases in powders and cheese fueling further gains in Class III and IV futures.
Limited U.S. milk production likely will offset weakening exports.
Friday brought on late buying as the milk markets finished the week with a swing back higher.
Milk production in April was stronger than expected and may indicate output could exceed a year ago if the current pattern remains. Heightened volatility will persist as traders grapple with reality and perception.
Returning from the extended holiday weekend, dairy markets opened the week on a bearish note.
Class III futures have made an impressive increase over the past month with the June contract increasing by over $4.00 per cwt. The last time we saw this movement in an actively traded contract was in the spring of 2020.
Elimination of some Green Deal requirements for farmers could reduce declines in EU milk production going forward
Rabobank believes slow but steady dairy commodity price gains will materialize in the second half of this year.
Cow numbers are lower than a year ago, but fewer cows are being culled than anticipated. The lower availability of replacements and strong interest in beef-on-dairy may influence the level of culling.