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
The National Milk Producers Federation today submitted to USDA its comprehensive proposal for modernizing the Federal Milk Marketing Order system.
Class III milk saw it’s first green in several days
Milk markets are continuing to struggle under the weight of higher production in the U.S.
Waning milk prices, persistently high feed costs, and spotty feed inventories appear to be the emerging financial story of the 2023 U.S. dairy industry.
Q2 Class III Milk futures lost about 12 cents settling to $18.52.
Spot milk prices continue to remain lower than usual since the end of last year. Many plants are not purchasing the available milk even though plant capacity is not fully utilized.
A strong week of Class III milk continued into Friday’s trade.
After a strong morning trade, the CME spot trade pushed April milk down from 19.19, below 19 and then ran to its highs of $19.48.
The recent movement of barrel cheese is similar to some previous moves over the past two years. Each time price peaked and fell faster than it increased. Will this pattern again be repeated?