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
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.
Slower domestic demand is being offset with higher international demand, but that is still not enough to support prices and turn the trend higher.
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.
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.
Milk powder imports hit particularly hard in part due to large current stockpiles
Class III milk futures were mixed on the day. October milk gained 9 cents to $21.94/cwt. November milk eased 20 cents to $20.72/cwt.
Class III milk futures hold steady in September, but October and November prices fall flat.
President Trump has added $1 billion to the U.S. Department of Agriculture’s Farmers to Families Food Box Program and extended it beyond the end of October.
Global Dairy Trade event #316 took place Tuesday. The index settled 2% higher for the second auction in a row.