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
Spot cheese remained steady in the $1.60s as Class III futures traded at a premium, with the August-September spread driving volume and signaling continued market positioning.
Rising cheese inventories pressured futures markets despite active spot trading, while butter prices and contracts continued to decline amid lackluster demand.
September Class III milk futures fell sharply despite heightened spot block trading activity, as broader dairy and grain markets showed mixed movement.
Butter futures surged Monday on a bullish Cold Storage report, lifting Class III prices despite volatile cheese markets and higher-than-expected inventories.
Butter prices rebounded on Friday following a bullish Cold Storage report, while cheese markets remained quiet with minimal spot activity and mixed Class III futures.
Aggressive selling hit Class III and butter futures following a bearish Milk Production report, as higher milk flows and weaker spot prices added pressure across the board.
U.S. milk production surged 3.3 percent in June, surpassing expectations and pressuring spot butter prices while 2025 futures climbed on strong export demand.
Butter and Class III futures softened while NDM attracted strong buying interest, setting the stage for potential market movement ahead of USDA’s June Milk Production report.
Despite recent declines in butter prices and mixed Class III futures, steady cheese volumes and strong seasonal demand suggest potential upside for dairy markets heading into late summer.
Cheese and powder markets show signs of strength, while butter continues to struggle heading into late summer.