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
Many farmers have not developed a marketing plan to protect milk prices. This leaves the farm open to risk and the possibility of significant financial loss which could put the farming operation in jeopardy.
Class III milk futures markets regained a very small portion of what was lost from Friday.
A shortage of fresh barrel cheese has been driving the inverted price spread.
Forecasters predict milk prices to drop sharply in 2023.
More milk flowed during the summer months than expected, causing the USDA Economic Research Service to lower its all-milk price forecast for 2022 and 2023.
Milk prices have hit their highest marks since 2014. But the cost of production has eaten into profits. While higher milk prices have sparked encouragement, producers are curious as to how long these prices will last.
Slower domestic demand is being offset with higher international demand, but that is still not enough to support prices and turn the trend higher.
Dairy markets found follow through strength on Tuesday following the bounce experienced on Monday.
Cheese and butter prices continue to hold a large price difference with butter around $1.00 higher than cheese. One reason for this is the substantial difference in inventory levels between cheese and butter.