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
CME futures prices rallied following USDA’s report. September closed 39 cents higher while October was up 22.
August milk prices will be much better than July, but still far from where we would like them to be. Here’s what to expect in the coming months.
After a long stretch of low milk prices, the USDA has raised the 2023 all-milk price projection for the first time in months.
Butter had 49 loads trading hands on the CME spot trade. Here’s what that meant for dairy prices.
Class III milk prices retreated a bit as September 2023 milk lost 15 cents, October dropped 16 cents, November weakened 21, and December was off 13.
The state of U.S. dairy industry in 2023 may later be recalled as the year of “the correction,” “the valley,” or “the crash,” as milk prices have plummeted by as much as half from record-setting highs in 2022.
As we move into the end of summer and look ahead to cooler temperatures of fall, most of our commodities have settled in to a tight range.
Class III milk markets were able to return some of the value lost late last week.
The seasonal decrease of milk production, higher culling, and inventory of cheese not exceeding the levels of last year, may increase buyer interest on the spot market as they look ahead to later demand.
When business is no longer usual, it’s a great time to reassess your strategic focus. Is your farm still marching toward its goals?