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 IV milk markets failed to excite on Friday.
Dairy markets came to party today as positive price action for Cheddar on the GDT auction this morning helped boost an underperforming Spot Call Auction.
Milk markets bled into the weekend after failing to put together two days in a row of a positive move in Cheese.
As the calendar moves past the spring milk production peak, dairy farmer’s attention remains laser-focused on the milk price and overall margin outlook throughout the remainder of this year.
It’s not the news dairy producers want to hear, but one analyst says the outlook for milk prices according to the futures market is not very good.
Dairy product and milk prices are substantially lower than a year ago, yet this has not been reflected at the retail level. Thus, lower prices are not stimulating demand as consumers are not seeing them.
Milk markets continue to lurk in the doldrum this week. Feed and grain prices also slid lower giving dairymen a breather on fall feed prices.
Milk prices have felt pretty lackluster throughout 2023. Unfortunately, this trend is one farmers will continue to face throughout the remainder of the year and going into 2024.
Friday was not a good day for dairy markets - the roller coaster of spot trade continued lower on the trade with Cheese struggling on large volume.
Dairy markets continue to dissapoint this week as the CME Dairy Spot Call continues to see offers with a lack of bids.