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
Recently, the USDA lowered its milk production forecast for 2024 due to lower expected output per cow, which is partly offset by higher cow inventories.
Milk markets continue to widen the Class IV/III spread as Class IV holds over $20 for 2024 calendar and Class III milk bounces around.
Futures values ended up rallying 40 cents in the February contract while March and April were up 50+ cents.
Butter drove the dairy markets higher Thursday with the CME spot trade gaining 11 cents to finish at $2.68 3/4.
Producers want to know: “Why is milk production remaining high even with lower milk prices and farms going out of business?”
February Class III futures dropped to $15.68 per hundredweight, losing 21 cents.
Spot product markets were mainly unchanged to start the week on Monday.
2024 should be a good year for U.S. cheese exporters.
Class III and Class IV milk markets gave up some ground today. But how much?