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 milk was softer with January down 22 to $18.85/cwt, February falling 8 to $18.16, and March down 10 cents to $18.22.
Dairy industry leaders say milk prices in 2022 set a new record for the year.
Spot cheese rallied on Thursday in the CME spot dairy auction after an open and closed session yesterday.
Dairy markets performed well on the first trading day following Christmas.
The recent decline of butter price has been a surprise. But there have been other years of substantial price weakness for various reasons.
Class III milk markets finished Friday slightly higher for the first time in what seems like forever.
The U.S. butter inventory finished November at 200 million pounds.
Class III Q1 milk futures averaged $19.04, down just over 17 cents.
After some volatile stretches through the year, feed prices are posting a lower drama level as 2022 wraps up.
The end of the year generally brings slower demand, and this year may be impacted more than usual due to higher food prices.