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
Wednesday markets may lull us to sleep. After a strong couples in butter, we have treaded water the last few sessions at current level.
The holiday butter rally is underway, and it may even be a little early.
Class III milk saw November futures rise 14 cents to $17.50/cwt.
Shellshocked buyers push butter prices to new heights ahead of the holidays
Butter and springer prices caught the dairy industry by surprise in late September.
Many milk checks fall well short of covering even the cost of production.
The markets are always filled with surprises and this year has been no exception. Butter prices have reached new highs while dry whey and nonfat dry milk markets have remained flat.
Butter stocks shrank to 289 million pounds, down 40.3 million pounds from July.
Seasonal buying is taking place, but sellers continue to offer product on the spot market leaving buyers unaggressive.
Higher milk prices may not necessarily mean greater income depending on feed prices. The recent hot weather has had an impact on milk production, but it also may have had an impact on crop yields.