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
As much of the U.S. digs out of snow and bitter cold weather, the milk markets were mixed and continue sideways.
The hope is that depressed milk prices will be short lived. However, without a significant increase in demand or tighter milk supply or both, low prices may be with us for a longer duration.
Just how low will milk prices go? Slower exports, weaker demand and global inflation have all been an anchor on the potential for higher dairy product prices. Will we finally start to see some relief in 2024?
Dairy markets continued their descent on Monday following another day of weak cheese performance on the CME spot dairy auction.
CME product markets on Monday tilted to the negative side to kick off the week.
In its December World Ag Supply and Demand Estimates (WASDE) report, the USDA once again lowered its milk production and price forecasts for 2023.
Dairy markets on Monday put forth a relatively uneventful trade.
With sufficient supply and much of the holiday buying being finished, there is little reason for buyers to be aggressive. The usual slower demand period is just around the corner.
Demand for high-protein whey products appear to be lifting the whey complex.
Ahead of Monday afternoon’s USDA Milk Production report, Class III milk futures struggled once again.