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
China has eased some COVID protocols, but that did not translate into significant news for dairy.
Q1 Class III markets plummeted to $19.29, giving up 33 cents on the day.
Q1 Class III Futures gave up 28 cents settling in at $19.62/cwt as Q1 All-cheese futures declined almost 2 cents to $1.9943/lb.
Class III Milk futures have sustained their rally from the end of last week, with December settling upward 7 cents at $20.48.
A sideways spot trade fed the week of falling milk prices.
Wide price swings have become more frequent over the past year. These price swings have taken place over short durations as market participants have been quick to enter and exit positions.
According to the USDA Cold Storage report, U.S. butter stocks totaled 239.6 million pounds in October, down 14.1% on the year.
Compared to last year, the 2022 herd now stands 31,000 higher.
With the uncertainty over milk prices and input prices, it becomes necessary to establish price floors for milk and price ceilings for feed. Not doing anything is making the decision to leave your whole farm at risk.